The US Dollar Index remains confined within a big-picture wedge, a test of the top of this pattern is just on the horizon…
The US Dollar may rise, buoyed by haven-seeking capital flows as financial markets bombarded with evidence of slowing global growth unwind exposure to risky assets.
Sterling (GBP) continues to trade in restrictive ranges across a selection of currencies but headline GBPUSD may soon break below 1.3000 as the US dollar pushes higher.
Expect fresh Brexit headlines next week with Parliament returning from recess following the UK's second extension to the EU Withdrawal Agreement. What should British Pound traders watch for?
The crude oil price outlook is neutral after the commodity and the S&P 500 stalled. Can Chevron, Exxon Mobil earnings fuel the dominant uptrend? Or will soft US GDP data sink oil?