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  • Silver prices have struggled to set support over the past week, but today’s move is encouraging for Silver bulls and there may be scope for topside continuation. Get your $XAG market update from @JStanleyFX here:https://t.co/IXGwt7iWOY https://t.co/oGfeq9BhUx
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Weekly Trading Forecast: Can USD and S&P 500 Maintain Their Bull Trends?

Weekly Trading Forecast: Can USD and S&P 500 Maintain Their Bull Trends?

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US Dollar On the Verge of Serious Reversal – But Can it Make the Turn?

It was a week of contrasts. Through Friday’s close, the S&P 500 surged to a record high. Yet, at the same time as this ‘risk’ benchmark made its move higher, the traditional safe haven US Dollar strong-armed a bullish reversal.

Euro Subject to Grinding Conditions as ECB Overshadows Traders

With respect to the Euro, we are looking to sell rallies and cover excessive dips; the ECB has disappointed with action previously, and a lack of a mini-‘bazooka’ could very-well see the Euro scream back towards its yearly highs.

USD/JPY Bearish Setup to Take Shape on Japan CPI, Dismal U.S. 1Q GDP

The USD/JPY pared the decline following the Bank of Japan (BoJ) interest rate decision, with the pair working its way back towards former support (101.80-102.00), but the economic developments due out next week may instill a more bearish outlook for the dollar-yen should the data prints spark a greater deviation in the policy outlook.

Gold Breakout Imminent – Will US GDP Be the Trigger?

Gold prices are virtually unchanged on the week with prices off by a mere 0.1% to trade at $1291 ahead of the New York close on Friday.

Australia Dollar Vulnerable to Deeper Losses on Fed Policy Bets

The Australian Dollar is expected to continue lower after dropping the most in four months last week as markets come to terms with the looming end of Fed QE

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Weekly Trading Forecast: Can USD and S&P 500 Maintain Their Bull Trends?

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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