Weekly Trading Forecast - ECB Decision and Volatility Dominant Traders' Concerns
FX-based volatility surged this past week to extend an already robust trend to three-year highs. Will an ECB decision, China GDP and round of event risk amplify or calm these swings?
A tumultuous week for the currency market has found the Dollar closing its fifth consecutive week in the green and well on its way to a record-breaking seventh consecutive month climb.
Swiss Franc trading opportunities are likely to emerge ahead, but not before another wave of volatility batters the currency in the coming week.
USD/JPY may face a larger correction in the week ahead should the Bank of Japan (BoJ) remain confident in achieving the 2% inflation target and endorse a more neutral tone for monetary policy.
Gold prices are markedly higher this week with the precious metal rallying more than 4% to trade at $1272 ahead of the New York close on Friday.
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