Dollar Tumbles not Over Yet Watch Data and Positions in Week Ahead
The US Dollar tumbled for yet another week versus the Euro and other majors. Why might it continue lower, and what are the major FX risks in the week ahead?
US Dollar Forecast – US Dollar “Pain Trade” Likely to force Further Losses in Week Ahead
The US Dollar fell against all major FX counterparts and the DJ FXCM Dollar Index (ticker: USDOLLAR) matched its worst weekly losing streak in over five years despite a relative lack of major news.
Euro Forecast - EUR/USD Short Covering Persists as US Economic Data Remains Weak
Weak US economic data is feeding into the Euro short covering rally, which has plenty of fuel to burn.
British Pound Forecast – GBP/USD Rally to Benefit from Sticky UK CPI, Rebound in Retail Sales
The near-term advance in GBP/USD may gather pace in the week ahead should the fundamental developments coming out of the U.K.
Australian Dollar Forecast – Australian Dollar Recovery Threatened by Chinese, US News Flow
The Australian Dollar aims to continue recovery but Chinese and US event risk may conspire to undermine momentum and derail the advance.
Gold Forecast – Gold Breakout to Accelerate on Dovish Fed Minutes, Slowing US CPI
Gold prices surged this week with the precious metal rally nearly 3% to trade at $1223 ahead of the New York close on Friday.
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