The second quarter has come to a close, and a market of volatility and uncertain trends now transitions into the latter half of 2018. With sweeping fundamental concerns such as trade wars, the stability of the Euro-area, the path of Brexit and the health of global growth itself plauging the markets; the outlook for the third quarter looks anything but quiet.
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US Risks Isolating the Dollar, Boosting its Risk[2]
Looking ahead to the second half of the year, there is certainly a course the dollar could weave to earn further gains. That said, the qualified drivers are unlikely to arise – or more importantly coincide – in order to facilitate genuine support for the currency. Trade wars, the wavering in global sentiment and convergence of monetary policy paths create a difficult environment for bulls.
Euro Tumble in Q2 Provides a Foundation of Uncertainty for Q3 2018 Trading[3]
Coming off a nasty slide through the previous quarter, the Euro[4] confronts a list of uncertainties that it will have to face in its search for trend into the 3Q. The risk of Italy undermining European unity will compete with the ECB's policy intentions and EU's engaging in trade wars with the US to offer a clear run for the shared currency.
British Pound May Continue to Suffer From Brexit, Interest Rate Outlook[5]
The Pound[6] beat a significant retreat through the 2Q of 2018, and there are still clear issues it will have to
