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Weekly Trading Forecast: Fed Decision, BoJ Intervention, 1Q GDP Top Event Risk

Weekly Trading Forecast: Fed Decision, BoJ Intervention, 1Q GDP Top Event Risk

2016-04-23 02:48:00
Tyler Yell, CMT, John Kicklighter, Renee Mu, James Stanley, Ilya Spivak, Jeremy Wagner, CEWA-M,
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The week ahead is the antithesis of what we leave behind. The docket is stocked with major market movers - event risk that can do much more than generate a little volatility.

US Dollar Forecast – Dollar Breaks Higher but Will GDP and FOMC Forecasts Sustain It?

Finally, a bit of a reprieve for the USDollar. Having found itself under moderate but persistent pressure since its recent peak at the beginning of February, the Greenback finally managed a technical feat of strength.

Japanese Yen Forecast - The Alchemy of Turning a Negative into a Positive

The Yen has put in a significant movement so far on the day, weakening against the US Dollar by as much as 2.32%; and this is the largest movement of weakness in the Yen since January 29th, when the currency weakened by 2.7% against the Greenback after the Bank of Japan had, surprisingly, made the move to negative interest rates at the January BoJ meeting.

Chinese Yuan (CNH) Forecast – Yuan Outlook Bearish on Prospect of Increased Liquidity

With a light calendar over the past week, the offshore Yuan rate (CNH) extended losses against the US Dollar for the third consecutive week, testing a key support level at the 38.2% retracement level of the January decline.

New Zealand Dollar Forecast - China's Commodity Hunger & Weak USD Support New Zealand

The New Zealand Dollar hit 2016 highs this week as the commodity train continued to roll on the back ofan increasingChina Demand. Unfortunately, spot NZD/USD ended the week on a soft note after falling for three straight days.

Australian Dollar Forecast - Aussie Dollar Eyes Volatile Week on CPI, FOMC and Earnings Flow

The Australian Dollar looks ahead to a volatile week as CPI data shapes RBA policy bets while the FOMC policy announcement and Q1 earnings outcomes drive risk sentiment.

Gold Forecast – Gold Price Consolidates – Will FOMC Deliver a Break?

Gold prices continue to consolidate the gains from the beginning of the year as the yellow metal has traded sideways for 10 weeks.

Weekly Trading Forecast: Fed Decision, BoJ Intervention, 1Q GDP Top Event Risk

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