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Weekly Trading Forecast: Dollar Attempts a Recovery as Euro, Pound and Yen Stumble

Weekly Trading Forecast: Dollar Attempts a Recovery as Euro, Pound and Yen Stumble

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Risk trends have improved and so too has the Dollar's position. Amid NFPs, the G20 rehash of risks, Brexit and other high-profile themes; expect volatility moving forward.

US Dollar Forecast – Dollar Gains as Market Chews Rate Expectations with NFPs Ahead

This past week’s USDollar rally marked the currency’s best performance since November’s dramatic break to 12-year highs – a move that proved a quick exhaustion.

Euro Forecast – Euro Sinks as Investors Await ECB Action - Nov/Dec 2015 Redux

There’s no other way to put it: EUR/USD (and the EUR-crosses broadly speaking) are experiencing déjà vu. If we’re right, then this is another classic “buy the rumor, sell the news” situation.

British Pound Forecast – Brexit to Dominate Headlines, GBP Price Action

What a difference a week can make: Near market close last Friday, news had just begun to circulate that Mr. David Cameron had struck a deal with European leadership that could allow for British leadership to lobby for an ‘in’ vote in the upcoming Brexit referendum.

Japanese Yen Forecast -Japanese Yen Forecast to Gain until Status Quo Changes

The Japanese Yen rallied for the fourth-consecutive week versus theEuroandBritish Pound, but a week of strong US economic data and disappointments out of Japan helped theUSD/JPYexchange rate break its recent losing streak.

Canadian Dollar Forecast – Bank of Canada Expectations Ushers CAD To Top Spot in G10

Many market participants have been trained to look at Oil any time the Canadian Dollar moves.

Australian Dollar Forecast – Aussie Dollar Faces Perfect Storm of Domestic, External Pressure

The Australian Dollar may succumb to heavy selling pressure as prices face a perfect storm of high-profile domestic and external event risk.

Chinese Yuan Forecast – Yuan a Key Topic at Chinese Annual Conferences

Both onshore Yuan (CNY) and offshore Yuan (CNH) rates moved little this week; both closed slightly lower against the US Dollar on Friday.

Gold Forecast – Gold Consolidation Break to Clear the Way Ahead of NFPs

Gold prices slid for a second consecutive week with the precious metal off just 0.2% to trade at 1224 ahead of the New York close on Friday.

Weekly Trading Forecast: Dollar Attempts a Recovery as Euro, Pound and Yen Stumble

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