Tensions are running high as the S&P 500 hits its worst streak since the heights of the Global Financial Crisis. But all hope is not lost—we're keeping an eye on these key themes in the big week ahead.
The US Dollar tumbled for the second straight week against the Japanese Yen and other major counterparts in a volatile week for global markets.
It's been quite the week for the Yen, and taking a step back, it's been quite the two-week stretch for the Japanese currency.
The Canadian Dollar continues to claw back some of the 23% drop since the May 2015 low against the US Dollar.
The Australian Dollar recoiled sharply higher after hitting a 4-year low but a deteriorating RBA policy outlook and churning sentiment trends may renew selling pressure.
Gold prices soared for a fourth consecutive week with the precious metal rallying more than 5% to trade at 1247 on Thursday evening in New York.
The offshore Yuan (CNH) rose to the highest level in two months against the US Dollar this week thanks to a smaller-than-expected drop in China's foreign reserves combined with Chair Yellen's testimony saying that negative rates are not out of the question for the US economy.
- Commodity Markets
- Canadian Dollar
- Australian Dollar
- US Dollar
- ^ US Dollar Forecast – US Dollar in Danger of Further Losses – Here are the Key Risks (www.dailyfx.com)
- ^ Japanese Yen Forecast - It's the Bank of Japan versus the Rest of the World (www.dailyfx.com)
- ^ Canadian Dollar Forecast – Canadian Dollar Has Found Life Outside The Price Of Oil (www.dailyfx.com)
- ^ Australian Dollar Forecast - Australian Dollar at Risk on RBA Outlook, Global Sentiment Trends (www.dailyfx.com)
- ^ Gold Forecast – Gold Rockets to Fresh Highs as Equity Rout Continues (www.dailyfx.com)
- ^ Chinese Yuan Forecast – China Reopens afte r Holiday Week, How Will the Yuan Respond? (www.dailyfx.com)
- ^ trial (www.dailyfx.com)
- ^ Traits of Successful Traders? (www.fxcm.com)
- ^ original source (www.dailyfx.com)
- ^ DailyFX (www.dailyfx.com)
- ^ FXCM (www.fxcm.com)