Weekly Forex Trading Forecast: Prepare for Breakouts, Volatility and Trends This Week
The USDollar carved out an incredibly restrained 50 point range this past week – directly after the Fed held course on stimulus.
Fresh comments from Bank of England (BoE) Governor Mark Carney pushed the British Pound to a weekly high of 1.6132, and the GBPUSD may continue to track higher ahead of the next policy meeting on October 10 as the central bank moves away from its easing cycle.
The Australian Dollar’s recent recovery faces major risks as the RBA delivers its monetary policy announcement while key US data drives Fed “taper” bets.
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.