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Forex Volatility Almost Guaranteed on Huge Week for Currencies

By , Quantitative Strategist ; , Chief Currency Strategist ; , Currency Strategist ; , Currency Strategist ; , Currency Analyst  and  , Currency Analyst
30 August 2013 22:45 GMT

Talking Points

  • Smallest Euro/US Dollar monthly range in six years underlines recent forex market indecision
  • Huge week with FIVE central bank rate decisions promises a major break in summer lull
  • Critical US Nonfarm Payrolls report could determine Dollar trends through year-end

Forex_volatility_near_-_guaranteed_on_huge_week_for_major_currencies_body_HeadlineIMage2.png, Forex Volatility Almost Guaranteed on Huge Week for Currencies

These Key Events Could force the US Dollar Significantly Higher

The Dow Jones FXCM Dollar Index finished the month of August almost exactly where it started, but a critical week for forex markets almost guarantees that the Greenback will see much larger moves in days and weeks ahead.

Euro Risks Weighted to Downside Ahead of ECB, NFPs

The Euro was a bottom performer this past week, and erased nearly all of its monthly gains against the US Dollar over the final four days of trading in August. What will an ECB-laden first week of September bring for the single currency?

Yen Crosses to Collapse if Nikkei 225, S&P 500 Falter

Rather than following the traditional economic measures – even heavy hitting themes like the BoJ rate decision and tax debate – yen traders need to watch the ebb and flow of risk appetite as the market grows more critical of historically low carry yield.

GBPUSD Outlook Hinges on BoE - How to Trade the Policy Meeting

A key Bank of England (BoE) interest rate decision may help the British Pound maintain its bullish momentum versus the suddenly-resurgent US Dollar on improved outlook for the domestic economy.

Gold at Risk for Correction Below $1440 - NFPs in Focus

Though gold slipped this past week, the precious metal is still supporting its bull trend. This drive back to $1,400, however, may come into trouble as the NFPs revive speculation in the Fed’s September Taper time frame.

Australian Dollar Looks to RBA Rate Decision to Spark Recovery

The Australian Dollar may finally find fuel for a bounce in the RBA interest rate decision but US news-flow and Fed “taper” speculation may complicate matters.

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30 August 2013 22:45 GMT