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Weekly Forex Trading Forecast - All Eyes on Dollar Ahead of Fed Meeting

By , Quantitative Strategist , , Currency Strategist , , Currency Strategist , , Currency Analyst  and , Currency Analyst
13 June 2014 21:15 GMT

Article summary: The Dollar continues to trade in a tight range versus the Euro and other counterparts, but a highly-anticipated Fed meeting could spark big moves in USD pairs.

US Dollar Needs Optimism from Fed as Q2 Data Starts to Slip

The US Dollar’s position is a precarious one. While the yield environment has become somewhat more supportive, the data picture has not. A great deal of Fed optimism will be required in order to drum up support for the US Dollar.

Euro Continues to Offer Range Trading Opportunities

The Euro finished near four-month lows versus the Dollar, but the lack of volatility in recent markets makes it unlikely it breaks significantly lower. We’re watching key event risk for a potential breakdown.

GBP/USD Breaks Out; Eyes Higher-High on BoE Dissent

The Sterling may continue to carve a series of higher-highs & higher-lows during the summer months amid the ongoing shift in outlook for the Bank of England.

Australian Dollar May Stumble on Dovish RBA Minutes, Upbeat FOMC

High-profile event risk on the domestic and the external fronts in the week ahead threatens to undermine the recent Australian Dollar rally.

Gold Rally at Risk Heading into FOMC- 1277 Resistance

Building geopolitical tensions in Iraq and Ukraine have offered some much needed support to gold prices which had fallen more than 10% off the March high.

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Weekly Forex Trading Forecast - All Eyes on Dollar Ahead of Fed Meeting

provides forex news and technical analysis on the trends that influence the global currency markets.
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13 June 2014 21:15 GMT