Weekly FX Update – 13 October 2017 (Video)

A relatively quiet week in financial markets with economic releases being few and far between, the political scene being less of a circus (relatively speaking), geopolitical tensions becoming a little more subdued and central bankers very much sticking to the agreed lines.

While I doubt this will become the new norm, the week ahead may not be a million miles from it as the economic calendar is looking a little thin again, with focus primarily on China and the UK. With the ECB meeting taking place the week after, close attention will be paid to comments from policy makers, although these will be condensed to the first half of the week.

We’re not short of the usual theatre, with Catalonia having a deadline of Monday to declare independence officially or not, the result of which could cause more unrest in the region. The unpredictability of the geopolitical environment means risk aversion is always bubbling away under the surface and could rear its ugly head at any time.

On a brighter note, equity markets have been in very good shape in recent weeks with new highs being recorded over and over again, particularly in the US. With earnings season now upon us, these levels will be tested, especially as central banks everywhere make plans to return monetary policy to something that resembles normal.

Senior Market Analyst Craig Erlam discusses all of this and more, and also gives his analysis on EURUSD (8:44), GBPUSD (10:10), EURGBP (11:34), AUDUSD (12:35), USDCAD (13:48), GBPCAD (15:28), NZDUSD (16:36), USDJPY (17:27), GBPJPY (18:35) and EURJPY (19:53).

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This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam

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