Weekly Fundamental Forecast: Markets Trade the EU Summit for ECB Rate Decision and US GDP Next Week

High level fundamentals proved substantive this past week between a possible Brexit path after the EU Summit and the slowest pace of growth for China in 9 years. Ahead, the scheduled updates are still material – such as US 3Q GDP as well as ECB and BOC rate decisions – but we should also keep aware of the deep fundamental currents like risk trends and trade wars

Australian Dollar Forecast – AUD Price at Risk to Political Uncertainty, Fed Bets, BoC Rate Hike

The Australian Dollar looks vulnerable, threatened by Prime Minister Scott Morrison losing his majority, rising hawkish Fed policy bets and the Bank of Canada overtaking the RBA.

Oil Forecast – Crude Oil Joins Macro Headlines For Busy October As Stockpiles Build

Despite trading to four-year highs to open the month, October has flashed warning signs that demand could be cooling at a time when a key central bank, the Fed is putting the brakes on easy money.

British Pound Forecast – Brexit Stuck in a Rut, UK PM May on a Tightrope

The Irish border problem remains unsolved and Brexit negotiations continue to tread water as UK PM May faces a

Article source: https://www.dailyfx.com/forex/fundamental/forecast/weekly/title/2018/10/19/Weekly-Fundamental-Forecast-Markets-Trade-the-EU-Summit-for-ECB-Rate-Decision-and-US-GDP-Next-Week-.html