Weekly Forex Forecast: Stocks still Bullish but currency markets warn of Deflation [Video]
|Market covered in this weeks Weekly Forex Forecast:
DXY, EurUsd, AudUsd, NzdUsd, UsdChf, UsdJpy, GbpUsd, WTI, UsdCad, CadChf, CadJpy, AudChf, AudJpy, NzdChf, NzdJpy, SPX, NDX, Nifty, XauUsd, XagUsd & BTCUSD!
Weekly Notes
Currency markets are warning of a Deflationary outlook with Risk Off set ups apparent accross the board. The Chf & Usd look particularly strong this week with the Jpy also looking to provide good long opportunities.
Commodity currencies look to be the most exposed this week with Aud, Nzd & Cad looking to provide good short opportunities.
With Crude Oil recently rolling over last week the Canadian Dollar looks particularly exposed to weakness with UsdCad longs & CadChf plus CadJpy shorts looking like good set ups.
With this in mind, AudChf, NzdChf, AudJpy and NzdJpy all look set for further declines and are some of my top picks this week alongside their counter parts AudUsd and NzdUsd.
Stocks are still holding their current uptrend structure but broad Risk Off moves in Forex markets may point to a bumpy road ahead for Stocks over the next month or so.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.