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Weekly Forex Trading Forecast: Will the Dollar's Post NFP Slip Turn into a Full Bear Trend?

Weekly Forex Trading Forecast: Will the Dollar's Post NFP Slip Turn into a Full Bear Trend?

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US Dollar Forecast - US Dollar Tumbles on Disappointing NFPs, but is Reaction Overdone?

A sharply disappointing US Nonfarm Payrolls report left the US Dollar lower against the Euro and broader major forex counterparts, but was the reaction overdone?

Euro Forecast - Rally in European Stocks, Bonds Give False Sense of Security

The euro ended this past week little changed as key event risk failed to stir deeper fundamental waters.

British Pound Forecast - GBP/USD Helped by Weak NFPs, but Pound Direction Hinges on CPI

The British Pound was able to recover on Friday no thanks to its own doing, leaving it in a precarious positioning amid a softening near-term economic backdrop. A weak CPI report on Tuesday could welcome a new wave of selling.

Gold Forecast - Gold Supported by Dismal NFPs- $1270 in Focus Ahead of CPI

Gold prices were modestly firmer this week with the precious metal rallying 0.67% to trade at $1244 ahead of the New York close on Friday.

Japanese Yen Forecast - Japanese Yen Poised for Larger Correction- Looking for Higher Low

The USDJPY looks poised for a larger pullback as it fails to maintain the bullish trend from back in October, and the pair may ultimately probe below the 102.00 handle as the dismal Non-Farm Payrolls report dampens the outlook for the dollar.

Australian Dollar Forecast - Australian Dollar to Rise Further as Markets Ponder Fed Outlook

We’ve argued that the Australian Dollar has room to correct higher in early 2014 as the fundamental argument for Aussie weakness becomes increasingly flimsy while speculative traders remain heavily net-short (per futures market positioning data from the CFTC).

Weekly_Forex_Trading_Forecast_Will_the_Dollars_Post_NFP_Slip_Turn_into_a_Full_Bear_Trend_body_title.png, Weekly Forex Trading Forecast: Will the Dollar's Post NFP Slip Turn into a Full Bear Trend?

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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