Weekly Trading Forecast: Volatility Ahead on Key Data, US Tax Cut

Financial markets look set for another volatile week as top-tier economic data flow amplifies price swings driven by speculation about US fiscal policy. US Dollar Forecast: Yellen, Key Data May Boost Politics-Driven Volatility Politically inspired US Dollar volatility may be compounded by a high-profile speech from Fed Chair Janet Yellen as well as the release […]

Crude Oil Prices Look to API Inventory Data for Direction

Talking Points: Crude oil prices drop, seemingly correcting after Friday’s surge Gold prices rise amid pre-positioning for Friday’s Yellen speech API inventory flow report, Trump rally in Arizona now in focus Crude oil prices dropped even as Libya halted delivers from the Shahara field, its largest. Compliance with the OPEC-led production cut accord reportedly weakened […]

US Dollar Eyes CPI But Geopolitics May Trump Data Impact

Talking Points: Yen gains while Aussie, NZ Dollars sink as risk aversion extends to Asia US Dollar may be forced to look past CPI data amid geopolitical jitters Are FX markets matching DailyFX forecasts so far in Q3? Find out here The sentiment-linked Australian and New Zealand Dollars slumped while the perennially anti-risk Japanese Yen […]

Australian Dollar Muted on Neutral RBA, Economic Data Risk Ahead

Talking Points: Australian Dollar little moved following the RBA monetary policy announcement The central bank left rates at 1.50%, seeing it at a proper level for the economy Australian GDP data is due on Wednesday, China CPI and trade balance follow What do retail traders’ buy/sell decisions hint about the Australian Dollar trend?Find out here. […]