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Forex Weekly Trading Forecasts: Dollar and Yen Threaten Rally but Where is the Risk Trend Support?

Forex Weekly Trading Forecasts: Dollar and Yen Threaten Rally but Where is the Risk Trend Support?

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US Dollar Rally Might Run out of Steam Unless this Changes

The US Dollar finally showed signs of life as a surprisingly-upbeat Federal Reserve sent it sharply higher versus major counterparts. Yet key headwinds remain, and a number of factors suggest that buying USD makes little sense at these levels.

A Vulnerable Moment for the Euro as Sentiment Evovles Post-FOMC

A sudden shift in rhetoric from the European Central Bank and the Federal Reserve put the EURUSD and the Euro more generally, in a potentially vulnerable spot for the coming days.

Yen Crosses at Risk of Collapse – Particularly Should Risk Trends Shift

Half of the most liquid Yen crosses closed out this past week in the green. Though, that should provide long-term bulls little relief. So far in 2014, this once high-flying group is under water.

British Pound Risks Further Losses on Slowing U.K. CPI – 1.6400 Remains Critical

The British Pound may face a larger correction in the week ahead as the headline reading for U.K. inflation is expected to narrow to an annualized 1.7% in February.

Gold Reverses March Rally on Upbeat Fed – Bearish Sub $1357

Gold saw the largest weekly decline in four months this week with the precious metal off by more than 3.4% to trade at $1335 ahead of the new York close on Friday.

Australian Dollar Looks for Cues in US Economic Data, Fed-Speak

The Australian Dollar continues to look to external factors for direction cues, with US economic data and a busy Fed-speak docket highlighted in the week ahead.

Forex-Weekly-Trading-Forecasts-Dollar-and-Yen-Threaten-Rally-but-Where-is-the-Risk-Trend-Support-_body_Picture_5.png, Forex Weekly Trading Forecasts: Dollar and Yen Threaten Rally but Where is the Risk Trend Support?

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