Data is light on the economic calendar next week, but there are still several data releases to watch out for – particularly Q4 GDP releases out of the UK and US, and inflation data from Japan and Germany.
In this week’s video, LCG Analyst Ipek Ozkardeskaya discusses a softer pound and Brexit risks. USDJPY dipped below the 113.00 level on Friday. The Bank of Japan is making a lot of effort to weaken the yen, but since they announced their negative rates strategy, it has done little to help.
Ipek therefore discusses levels to watch in the coming days and weeks for USDJPY. She wraps up what to watch in the week ahead with a technical outlook on gold given recent gains.
- UK and US Q4 GDP expectations
- Brexit risks and GBPUSD levels to watch
- Yen appreciation and BOJ efforts
- Trading opportunities for gold