Weeky Trading Forecast: Technical Versus Fundamental Boundaries
There are tempting technical patterns across the FX and capital markets, but without genuine motivation, can these setups fulfill their potential?
On the one hand, the US Dollar is in a position that is prone to volatility and thereafter a break. On the other, it is lacking for decisive fundamental catalysts and is dealing with the lassitude of summer trading conditions.
The Euro is proving less sensitive to data out of the Euro-Zone, and more sensitive to perceived changes in policies by other central banks.
Positive data prints from the world’s largest economy may prop up USD/JPY in the weak ahead. Here’s what to watch.
A key disappointment from a highly-anticipated Bank of England policy meeting pushed the British Pound to fresh monthly lows versus the US Dollar
Australian Dollar Facing Few Hurdles to Continued RecoveryThe Australian Dollar sees relatively few hurdles to continued recovery after last week’s news-flow delivered support from the domestic and external fronts.
Gold Losses Tempered as August Opening Range Holds Above Key SupportGold prices are softer for a seventh consecutive week with the precious metal off by just 0.10% to trade at 1094 ahead of the New York close on Friday
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.