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Weekly Trading Forecast: Will EURUSD Lead Majors to Next Trends?

By , Quantitative Strategist , , Chief Currency Strategist , , Currency Strategist , , Currency Strategist  and , Currency Analyst
17 May 2014 03:05 GMT

US Dollar Rally Will Stall Without a Spark

The US Dollar managed to turn a close call test of 14-month lows into an impressive rebound over the past two weeks.

Euro Tender as Data Slump Worsens amid Rampant ECB Speculation

Perhaps the most striking development this past week, which will galvanize Euro bears going forward, was that, contingent upon the ECB’s June economic projections, the German central bank is reportedly ready to agree to additional non-standard easing measures – perhaps those that are unprecedented as well.

Bullish USD/JPY Outlook to Deteriorate Further on Less-Dovish BoJ

The USD/JPY extended the decline from earlier this month, with the pair slipping to a fresh low of 101.30, and the Bank of Japan (BoJ) interest rate decision may continue to undermine the bullish sentiment surrounding the dollar-yen should we see a more material shift in the policy outlook.

Gold at Risk for Major Break Next Week – FOMC Policy Outlook in Focus

Gold prices are marginally higher this week with the precious metal inching up 0.18% to trade at $1291 ahead of the New York close on Friday.

British Pound at Risk Ahead of Key Data, Trades at Critical Support

The British Pound pulled back further from multi-year highs as a drop in UK yields and a broader US Dollar reversal produced the second-consecutive week of GBPUSD declines.

Aussie Dollar at Risk as US Data, FOMC Minutes Hurt Risk Trends

The Australian Dollar may fall as firm US data and an upbeat set of FOMC minutes drive speculation about the end of Fed stimulus, sparking risk aversion.

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Weekly Trading Forecast: Will EURUSD Lead Majors to Next Trends?

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17 May 2014 03:05 GMT