Forecast: Dollar Faces NFPs, Euro Anticipating Greece and Risk Languishes
The week ahead of us will be driven by both frenetic speculative views and distinct event risk.
The Dollar came dangerously close to a nasty speculative spill this past week.
The fundamental developments coming out of the U.S. economy may continue to undermine the long-term bullish outlook for USD/JPY as recent headlines point to a growing dissent within the Federal Open Market Committee (FOMC).
The Australian Dollar is at the mercy of risk appetite trends in the week ahead as Greece fights to secure bailout funding and payrolls data informs Fed rate hike bets.
Gold prices are higher for a second consecutive week with the precious metal advancing 1.48% to trade at 1199 ahead of the New York close on Friday.
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