After a quiet few days for data and events, next week the calendar has a few high importance releases that will shift British Pound pairs.
Schlagwort-Archiv: Forecast
Silver, Gold Price Forecast: Market Trend Hinges on Data, Key Levels in XAU/USD
Gold and silver prices could rise in the coming days if interest rate expectations shift in a more dovish direction on bets that current economic conditions will lead the Fed to be more cautious.
US Dollar Forecast: DXY Poised to Extend Rally Despite Suggestions the Fed May be Done
The Dollar Index (DXY) roared back to life to end the week on a high. Softening labor market data suggests the Fed may be done but DXY bulls remain undeterred. Where to Next?
Euro Forecast: EUR/USD at 7-Week Loss as EUR/JPY Shows Signs of Reversing
The Euro confirmed a 7-week losing streak against the US Dollar after closing under the 100-day Moving Average. With EUR/JPY breaking lower, things are not looking good for the single currency.
Japanese Yen Forecast: USD/JPY Consolidates, GBP/JPY at Decision Point
The yen remains vulnerable as BoJ and Government officials dismiss policy changes and FX intervention threats. US and UK rates, yields near peaks but carry trade remains
Australian Dollar Forecast: Range Trade Intact for Now for AUD/USD and AUD/JPY
The Australian Dollar held firm against crosswinds that are bruising sentiment and against a US Dollar that is looking for its own identity as uncertainty for the Fed’s rate path unfolds.
US Dollar Forecast: Powell Adopts Hawkish Tone but DXY Eyes Potential Retracement
The Dollar Index (DXY) continued its impressive run ending the week with a hawkish message by Fed Chair Powell. Will the DXY sustain its momentum with the RSI in overbought territory?
Japanese Yen Forecast: USD/JPY, GBP/JPY Establish and Reinforce Resistance
The Japanese Yen showed some resilience this past week after persistent weakness since the beginning of this year. Still, it remains a long road ahead for USD/JPY and GBP/JPY to meaningfully reverse lower.
Euro Forecast: ECB ‘Sources’ add to Euro Fragility Ahead of CPI Print
EUR/USD on track for a sixth successive week of declines as ECB council communicate caution on rates due to a fragile economy. EUR/JPY vulnerable
Australian Dollar Forecast: Consolidation for AUD/USD and AUD/JPY For Now
The Australian Dollar steadied the ship last week but although it is languishing against a US Dollar that continues to gain ground on the Fed maintaining the tight policy mantra.