Weekly Trading Forecast: A Fed Hike, Greek Crisis and More Plague Traders Fears
Volatility carries through the FX market like electricity, but will we find conclusive views on Fed timing, Greece and other key events this week?
There’s a significant amount of room available in the futures market for speculators to come back in, as Euro net-shorts are 27% lower than they were earlier this year.
The economic data prints coming out of the U.K. & U.S. should continue to drive GBP/USD volatility in the week ahead as market participants weigh the outlook for monetary policy.
The Japanese Yen fell for the third-consecutive week and finished at decade-plus lows versus the US Dollar as traders sold aggressively into JPY declines. Current price momentum leaves us in favor of continued USD/JPY gains.
Gold prices tumbled for a third consecutive week with precious metal off by another 1.8% to trade at $1169 ahead of the New York close on Friday.
The Australian Dollar looks set for another volatile week as domestic and Chinese data fuels RBA policy speculation while risk appetite trends remain in flux.
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