Weekly Forex Trading Forecast: Market Weighs Fed Taper, ECB Stimulus
The Euro was the worst performer of the majors – and the drop it suffered was nothing short of spectacular.
The Japanese Yen continued to trade choppily against most of the majors, though with significant event risk abroad over the coming days, there is a distinct possibility that more concerted fundamental and technical trends could develop.
We’ve argued in favor of a significant Australian Dollar recovery since early August.
Gold prices plummeted more than 2.6% this week with the precious metal trading at $1313 ahead of the New York close on Friday.
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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.