The Australian Dollar was already looking pretty battered when weak GDP figures delivered a hammer blow last week. Coming sessions offer little domestic data, which may mean respite. But don’t count on it.
Crude threatens the range-bound price action from the previous month, with oil slipping to a fresh monthly-low ($54.52) amid the weakening outlook for global growth.
The Brexit end-game nears as the UK Parliament vote on a series of Brexit bills next week which will decide the path of UK-EU negotiations.
The US Dollar is likely to attract continued support from haven-seeking capital flows as global slowdown fears and political instability weigh on market sentiment.
Global central banks provide dovish stance amid concerns over economic climate. Demand picking up for Gold.
The FTSE 100 will be the equity index to watch next week with a meaningful vote on Brexit scheduled for UK MPs next week.
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See how retail traders are positioning in the majors using the IG Client Sentiment readings on the sentiment page.