Weekly Trading Forecast: Trade Wars, Brexit and Risk Trends Threaten Volatility
The Brexit negotiations may continue to drag on GBP/USD as Prime Minister Theresa May struggles to secure a deal.
The US Dollar may hold up and even make progress upward despite building Fed rate cut bets as the severity of risk aversion boosts the appeal of its unrivaled liquidity.
Gold prices may capitalize on disappointing US data in the week ahead, but in the medium-term, the highly-liquid US Dollar may subdue XAU/USD gains on US-China trade war fears.
The Euro may have a tumultuous week ahead after the European election results are announced along with candidates for key positions in EU institutions amid high-level trade talks.