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.

WorldWideMarkets, Ltd believes that customers should be aware of the risks associated with Over-the-Counter (OTC) market. In the OTC market, a retail customer trades directly with a counterparty and there is no exchange or central clearing house to support the transaction. The OTC market is highly speculative in nature, which can mean prices may become extremely volatile.Since low margin deposits are only typically required, an extremely high degree of leverage is obtainable in OTC trading. A relatively small market movement will have a proportionately larger impact on the funds you have deposited. Since the possibility of losing your entire cash balance does exist, speculation in the OTC market should only be conducted with risk capital that you can afford to lose, and which will not dramatically impact your lifestyle.

Analysis feed

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!

Latest Analysis


Latest Forex Analysis

Editors’ Picks

AUD/USD jumps back above 0.6950 as risk-on mood dominates

Following a bearish opening gap, AUD/USD has recovered ground and trades above 0.6950, tracking the bounce in the S&P 500 futures. The bulls shrug off US-China tensions and the worsening coronavirus situation in the US and Australia. 

AUD/USD News

USD/JPY bears holding their positions below 107 level

Yen remains a safe haven currency of choice as trade wars and the coronavirus play havoc risk apatite. Investors pin hopes on Gilead Sciences reporting that its antiviral drug Remdesivir recorded positive results in clinical trials.

USD/JPY News

Gold: Pierces $1,800 inside short-term bullish flag

Gold prices extend recoveries from $1,798.14, defies two-day losing streak. A seven-day-old bullish technical pattern, sustained trading beyond immediate support favor the buyers. 200-HMA offers additional downside support, bulls will cheer break of $1,811.60.

Gold News

WTI: Depressed above $40 amid output cut talks

WTI defies the late-Friday recovery moves while slipping from $40.80. Saudi Arabia pushes for two million barrels a day output cut, IEA improves on oil demand forecast. Risk-tone remains mildly positive amid virus woes, US-China tension.

Oil News

S&P 500: Bank's earnings in focus, COVID-19 induced insolvency fears simmer away

The S&P 500 will be a key theme on Q2 earnings this week, traders watching the banks for guidance. Wall Street stocks remain in bullish territory, but the S&P 500 is on thin-ice while below the June highs. 

Read more

Forex Majors

Cryptocurrencies

Signatures