With a late-in-the-week plunge from the US Dollar, the majors have revived trends that were struggling to gain any traction. How much momentum is there behind this post-NFP shock move?
US Dollar Forecast – Will Yellen Step in to Stem Dollar’s Tumble as June Hike Vanishes?
There are two scenarios for the week ahead: either the market fully acknowledges that the Fed is hamstrung and cannot hike or Chairwoman Janet Yellen spurs a dramatic Dollar rally
European Euro Forecast - Patience the Key for the ECB; but Will the Bazooka Hit its Target?
There was a European Central Bank meeting this past Thursday, and you may not have heard about it. Nothing really happened, and nothing was really expected to happen.
British Pound Forecast – GBP/USD to Eye Range Resistance on Dovish Fed Rhetoric
Even though the economic docket for both the U.K. & U.S. remains fairly light for the first full-week of June, GBP/USD may work its way back towards the top of its recent range as the dismal Non-Farm Payrolls (NFP) report dampens bets for an imminent Fed rate-hike.
Japanese Yen Forecast – Japanese Yen Now in Control unless Ministry of Finance has its Say
A Japanese Yen surge pushed it through key price resistance levels versus the US Dollar and other major currencies.
Australian Dollar Forecast – Aussie Dollar Faces Another Volatile Week on RBA, Yellen Speech
The Australian Dollar snapped a five-week losing streak, putting in its largest advance in four months. The move found fuel in domestic and external news-flow.
Gold Forecast – Gold Surges as Dismal NFPs Shatter Hopes for June Rate Hike
Gold prices snapped a 4-week losing streak with the precious metal rallying more than 2.2% to trade at 1239 ahead of the New York close on Friday.
Chinese Yuan Forecaste - Yuan Runs Both Ways on US-China Meeting, MSCI Inclusion
The onshore Yuan pairing (USD/CNY) touched 6.5934 on Wednesday, the first time since the plunges in January.
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