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Weekly Trading Forecast: Dollar Struggles with Recovery, Euro Faces Greece, Pound Awaits BoE

Weekly Trading Forecast: Dollar Struggles with Recovery, Euro Faces Greece, Pound Awaits BoE

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A notable slip in risk trend and rebound from the Dollar this past week has spurred speculation of reversals. However, is there enough fundamental leverage to change the market's tack and develop serious moves?

US Dollar Forecast – Dollar’s Next Move Falls to Speculators Rather Than Data

The Dollar started off this past week at an 11-month low and ended it with the best run since the early November climb that drove the Dow Jones FXCM Dollar Index (ticker = USDollar) to 12-year highs.

Euro Lacking Direction as Data Momentum Improves, Brexit Concerns Ebb

Q1’16 growth figures due at the end of the week should garner some attention, but the Euro remains without a sincerely meaningful domestic driver in the short-term.

Japanese Yen Forecast - Japanese Yen Could Trade Higher If and When this Occurs

The Japanese Yen gave back some of its recent gains versus the US Dollar in a choppy week for financial markets.

British Pound Forecast -Super Thursday: Brexit Possibility to Complicate Inflation Projections

It was just seven months ago that we were going into the Bank of England’s Super Thursday announcements with the potential of hearing about a rate hike in the not-too-distant future.

Chinese Yuan (CNH) Forecast - Yuan Volatility to Continue on PBOC Activity, CPI and Equity Volatility

The offshore Yuan (CNH) rate closed at a five-week low against theUS Dollaron Friday following the biggest downward move in Yuan fixing by the PBOC since the Yuan’s de-pegging.

New Zealand Dollar Forecast - New Zealand Dollar Looks To Wheeler Speech At Financial Stability Report on Tuesday

The US Dollar surprised a lot of G10 currencies this week, but few more than the New Zealand Dollar and other commodity currencies.

Australian Dollar Forecast - Aussie Dollar Still Vulnerable After Largest Drop in Three Weeks

The Australian Dollar is vulnerable to deeper losses as risk aversion continues to batter the financial markets, putting pressure on the sentiment-sensitive currency.

Gold Forecast - Gold Dips as USD Rips- NFP Extinguishes June Rate Hike Hopes

Gold pricesare softer this week with the precious metal off 0.21% to trade at 1290 ahead of the New York close on Friday.

Weekly Trading Forecast: Dollar Struggles with Recovery, Euro Faces Greece, Pound Awaits BoE

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