A volatile and wild 2016 is coming to an end and at FXStreet we are already looking forward to what 2017 may bring to the markets, which doesn't seem to be less interesting from a trading point of view. To get a glance on the upcoming trends and developments for the markets, we have asked our best contributors ten questions to help us understand what may be ahead. Here are the views from Joseph Trevisani, Chief Market Strategist at WorldWideMarkets:
1. What will 2016 be remembered for?
The year of the populist revolt in the West: Brexit, Donald Trump, the Italian referendum and the fall of Matteo Renzi.
2. Which were your most important achievements this year?
Maintaining objectivity on the US Presidential election.
3. What emerging trends or issues should traders prepare for in 2017?
Rising global interest rates. The zero rate experiment has largely failed. It did not create sustainable economic growth. Though its proponents will claim that it forestalled recession there is no way to prove or disprove that assertion. The Federal Reserve has reversed policy, the rest of the world, even probably Japan, will follow.
4. Which will be the best and worst performing currencies in 2017 and why?
Sterling will perform the best. The departure of the UK from the stagnant EU will become a credit to the pound as the difficulties and dissension of the EMU and the EU mount.
5. Which under-the-radar currency pair do you expect to make a big move in 2017?
The Mexican Peso as fears of immigration and trade conflicts with the US fade and stronger US growth helps the Mexican economy.
6. Which macroeconomic events will have the biggest impact on the FX markets in 2017?
European elections: France; Netherlands; Germany; likely Italian.
7. Which asset class will cause the next financial crisis?
Emerging market dollar denominated debt as US and global rates rise.
8. What will you be focused on next year?
The effect of rising interest on global debt markets.
9. Who are the people to watch in 2017 in terms of impact on the industry?
The US administration of Donald Trump, the possible repeal of the Dodd-Frank regulations and the opening of the US market to non-US registered FX firms.
10. What are your New Year's resolutions?
To drink more Manhattans.
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. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
AUD/USD stands firm above 0.6500 with markets bracing for Aussie PPI, US inflation
The Aussie Dollar begins Friday’s Asian session on the right foot against the Greenback after posting gains of 0.33% on Thursday. The AUD/USD advance was sponsored by a United States report showing the economy is growing below estimates while inflation picked up. The pair traded at 0.6518.
EUR/USD mired near 1.0730 after choppy Thursday market session
EUR/USD whipsawed somewhat on Thursday, and the pair is heading into Friday's early session near 1.0730 after a back-and-forth session and complicated US data that vexed rate cut hopes.
Gold soars as US economic woes and inflation fears grip investors
Gold prices advanced modestly during Thursday’s North American session, gaining more than 0.5% following the release of crucial economic data from the United States. GDP figures for the first quarter of 2024 missed estimates, increasing speculation that the US Fed could lower borrowing costs.
Ethereum could remain inside key range as Consensys sues SEC over ETH security status
Ethereum appears to have returned to its consolidating move on Thursday, canceling rally expectations. This comes after Consensys filed a lawsuit against the US SEC and insider sources informing Reuters of the unlikelihood of a spot ETH ETF approval in May.
Bank of Japan expected to keep interest rates on hold after landmark hike
The Bank of Japan is set to leave its short-term rate target unchanged in the range between 0% and 0.1% on Friday, following the conclusion of its two-day monetary policy review meeting for April. The BoJ will announce its decision on Friday at around 3:00 GMT.