Uncertainties Heighten Ahead Of Big Deadlines

If talks were to fall through, US will proceed to increase tariffs from 10% to 25% on USD 200 billion worth of Chinese imports. This could hurt the already slowing growth of the global economy.

This week will also be an important week for the dollar as a string of data will be released ranging from CPI to retail sales. As Fed Chairman Powell has mentioned previously that further rate hikes this year will be heavily dependent on data, this means that stronger data this week could definitely push the dollar higher. 

Our Picks

EUR/USD: Amidst weaker eurozone data and heightened uncertainties, this pair could fall below 1.300 towards 1.1250 this week.

USD/JPY: This pair could break the 110.00 resistance easily and move higher towards 111.20 amidst heightened uncertainties.

XAU/USD: This pair may fall towards 1301 due to technical retracements.

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