Weekly Trading Forecast: Fed, ECB, BOE Meetings Promise Fireworks


(MENAFN- DailyFX) Financial markets look set for fireworks as the Federal Reserve, the European Central Bank and the Bank of England deliver monetary policy announcements in the week ahead.

Forecast:

The US Dollar may rise as the Federal Reserve projects a more aggressive 2018 interest rate hike outlook than what is already priced into financial markets.

Forecast:

The British Pound is set to push higher after the EU said sufficient progress has been made for Brexit negotiations to enter the second stage, including future trade agreements.

Forecast:

The Federal Open Market Committee's (FOMC) last rate decision for 2017 may rattle the near-term recovery in should the central bank implement a dovish rate-hike.

Forecast:

The Australian Dollar will have to face the long-anticipated fact of complete yield erosion against its US cousin this week. In these yield hungry times that will be uncomfortable

Canadian Dollar Forecast:

The past couple of weeks have brought some key pieces of Canadian data, all seemingly pointing to a positive backdrop. But the Bank of Canada remains cautious, and this could impact price action in as we move into next year.

Forecast:

Most commodities had a horrible week, but no one told Oil traders to be worried. Prices currently remain below November highs, but fundamental support is coming from multiple angles.

Equities Forecast:

This coming week highlights three central bank meetings, with the expected to raise rates on Wednesday, while we'll hear from the ECB and BoE on Thursday.

Gold Forecast:

are testing a major technical support with all eyes on next week's Fed policy meeting. Here are the updated targets & invalidation levels that matter.

See what live coverage is scheduled to cover key event risk for the FX and capital markets on the .

See how retail traders are positioning in the majors using the .


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