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Weekly Trading Forecast: Greek Crisis, Fed Rate Timing and Equity Stability In Focus

Weekly Trading Forecast: Greek Crisis, Fed Rate Timing and Equity Stability In Focus

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US Dollar Ready to Turn to Haven or Feed on FOMC Rate View

While there may be a lot of volatility for the Dollar moving forward, the medium-term fundamentals carry a positive slant whether general market conditions improve or deteriorate.

EUR/USD Set for Volatility as Greek Deadline Looms Large

Euro short positioning among speculators is at its lowest level in 11-months after last week’s bout of EURUSD gains.

Japanese Yen Unlikely to Break Out Until Greece Moves

The Japanese Yen finished the week modestly higher versus the recently-downtrodden US Dollar, but the lack of a clear breakthrough from a highly-anticipated US Federal Reserve meeting and a lackluster Bank of Japan decision give few clues on next steps for the USD/JPY.

GBP/USD Rally to Accelerate on Tighten Race Between BoE & FOMC

The near-term advance in GBP/USD may gather pace in the days ahead should the fundamental developments coming out of the world’s largest economy fuel bets for a further delay in the Fed’s normalization cycle.

AUD Australian Dollar to Track Risk Trends with US Data, Greece in Focus

A quiet economic calendar on the domestic front in the week ahead is likely to see the Australian Dollar looking to external catalysts for direction cues. Continued speculation about the direction of Fed monetary policy following last week’s FOMC meeting and on-going Greek funding negotiations are likely to be in the spotlight.

Gold Pops as Dollar Flops- Breakout Eyes 1205 Resistance Ahead of PCE

Gold prices are higher for a second consecutive week with the precious metal up 1.85% to trade at $1203 ahead of the New York close on Friday. The advance comes amid sharp declines in the greenback with the Dow Jones FXCM U.S. Dollar Index (Ticker: USDOLLAR) down 0.71% on the week following the FOMC’s June 17 interest rate decision.

The USDollar's Performance is Mixed after the FOMC Rate Decision

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