Weekly Trading Forecast: FX and Capital Markets Shaken by Strong NFPs
Want to test out all the premium tools and resources FXCM has to offer? We are holding an Open House
This will officially be known as ‘the week before the critical FOMC meeting’.
Questions over the effectiveness of the ECB’s QE program are overshadowing the ECB’s hopeful growth and inflation forecasts, weighing on the Euro.
The fundamental developments due out next week may generate fresh monthly highs in USD/JPY should the data prints put increased pressure on the Bank of Japan (BoJ) to further embark on its easing cycle.
The New Zealand Dollar looks vulnerable to deeper losses as dovish RBNZ rhetoric and firming Fed rate hike bets drive an adverse policy outlook shift.
Gold prices plummeted this week with the precious metal off by more than 3.9% to trade at 1165 ahead of the New York close on Friday.
Sign up for a free trial of DailyFX-Plus to have access to Trading Q&A's, educational webinars, updated speculative positioning measures, trading signals and much more!
Want to develop a more in-depth knowledge on the market and strategies? Check out the DailyFX Trading Guides we have produced on a range of topics.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.