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Forex: From Dollar to Gold, Markets at Risk as FOMC Readies Taper

By , Quantitative Strategist ; , Chief Currency Strategist ; , Currency Strategist ; , Currency Strategist ; , Currency Analyst  and  , Currency Analyst
14 September 2013 02:32 GMT

Dollar Forecast – US Dollar Set for Explosive FOMC…But Does it Rally or Collapse?

The event dollar traders – and really investors in all asset classes – have long waited for is finally upon us. Speculation surrounding the FOMC’s Taper decision has run rampant, spurring expectations and fear of an explosive reaction to a big shift in the market’s support structure.

Euro Forecast - It’s Do-or-Die time for the Euro/US Dollar ahead of FOMC Decision

The Euro broke to fresh multi-week highs against the US Dollar, but the Dow Jones FXCM Dollar Index (ticker: USDOLLAR) continues to hold key multi-month lows. All eyes now turn a highly-anticipated US Federal Reserve policy announcement to drive FX moves.

Japanese Yen Forecast - BoJ, Fed Speculation amid Diminishing Syrian Risks See Yen Neutral

The Japanese Yen had a rough week, and with Syrian tensions easing amid talk of higher taxes at home, it may have rocky roads ahead. But the Fed’s ever-important September policy meeting with hold the Yen’s ultimate fate this week.

Gold Forecast - Posts Largest Drop Since June Ahead of Fed- Bearish Below $1373

Gold price losses mark the largest single week decline since June and come ahead of next week’s highly anticipated FOMC policy meeting. Bullion remains at risk after breaking below key technical support.

British Pound Forecast - Pound Overbought on Upbeat BoE, MPC Minutes to Prompt Fresh Highs

The Bank of England (BoE) interest rate decision may help the sterling to preserve the bullish trend dating back to July should the central bank highlight an improved outlook for the U.K. economy.

Australian Dollar Forecast - Rebound to be Tested by RBA Minutes, FOMC

The Aussie dollar is taking advnatage of an improved news flow out of China and an end to the RBA's rate cut regime. However, macro-level forces come into focus as all eyes turn to the Federal Reserve as the policy-setting FOMC committee convenes for its monthly meeting.

From_Dollar_to_Gold_Markets_at_Risk_as_FOMC_Readies_Taper_body_Picture_5.png, Forex: From Dollar to Gold, Markets at Risk as FOMC Readies Taper

How does a Currency War affect your FX trading?

Written by the DailyFX Research Team. To sign up for a weekly e-mail with our currency outlooks, go to our page for forex news delivered to your inbox.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
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14 September 2013 02:32 GMT