A rebound in equities and slide from the Dollar was leveraged by a weak NFPs figure Friday. How much momentum do these reversals have?
The Dollar was within reach of 12-year highs this past week; but when the opportunity was presented to revive the long-term bull climb, fundamentals falterd.
In a week largely absent of meaningful economic data, with speculation regarding the ECB’s next policy move starting to grow, traders may find the oft-overlooked ECB minutes of importance this week.
One of the few bright spots in the Global Economy that isn’t currently being engulfed by continued Central Bank jockeying (looking at you, Federal Reserve) has been the United Kingdom.
The range-bound price action in USD/JPY may unravel in the week ahead should the fundamental developments coming out of the U.S. economy dampen bets for a 2015 Fed rate hike, while the Bank of Japan (BoJ) is widely expected to retain a wait-and-see approach at the October 7 interest rate decision.
The Australian Dollar is looking toward a volatile week ahead as prices are torn between the influence of RBA policy considerations and market-wide sentiment trends.
The Canadian Dollar witnessed a strong rise to end the week after a weak start.
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