06/12/2016 - Brexit and Fed in Focus

* Fundamental Recap: Brexit and Fed in Focus
* Market Movers: Weekly Technical Outlook
* Look Ahead: Stocks
* Look Ahead: Commodities

Global financial markets in the past few weeks have been utterly dominated by increasingly shaky speculation over two major themes - future US interest rate hikes and the possibility of the UK voting to leave the European Union. These two themes will be front and center for the next two weeks, at the very least, as the next FOMC meeting and rate decision in the US will occur next week, while the UK's EU referendum will be held the following week. Both the speculative risk preceding these events as well as their actual outcomes have and should continue to have wide-ranging repercussions on the global markets, most notably with respect to currencies and equity markets.

As for the Federal Reserve, a June rate hike has most likely been taken off the table altogether. The likelihood of a July hike is also much less likely than it was only a week ago... Full text »

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from FOREX.com's Weekly Strategy http://www.forex.com/weekly-forex-research.html