Weekly Trading Forecast: Will Fed and Greek Elections Keep FX Volatility Boiling
We are already off to a volatile start to 2015, and the coming week presents high-level event risk that will likely keep those activity levels high.
In the past few weeks, we have seen a nearly universal dovish shift in global monetary policy.
The Euro’s beating continued last week, with fresh 11-year lows coming against the US Dollar after the European Central Bank unveiled its much-anticipated QE program. There is little indication that sharp price swings will abate anytime soon: the Euro has three very strong influences driving price right now.
The New Zealand Dollar may rise as RBNZ rhetoric after next week’s rate decision maintains a hawkish lean, clashing with a dovish shift in market expectations.
A negative surprise from the Bank of England helped push the British Pound lower for the sixth-consecutive weeks versus the US Dollar.
Gold prices are higher for a third consecutive week with the precious metal rallying 0.91% to trade at $1292 ahead of the New York close on Friday.
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