Weekly Trading Forecast: FX Volatility Shifts Focus from ECB to RBNZ, BoE and Fed
by
, 12-07-2015 at 07:19 AM (1033 Views)
US Dollar Forecast – US Dollar Fundamentally Moored Until Fed or Fear Decides Its Fate
A lot has changed for the Dollar this past week.
British Pound Forecast – British Pound Shows Signs of Life – Next Week Could be Big
A volatile week of FX trading pushed the British Pound to fresh six-month lows versus the US Dollar, but a late reversal suggests that the GBP/USD ‘Pounding’ may soon come to an end.
Australian Dollar Forecast – Risk-On & Retail Sales Sends AUDUSD to 4-Month Highs
The Australian Dollar peaked over the October 12th high on Friday.
New Zealand Dollar Forecast – NZD/USD Outlook Hinges on Fate of RBNZ Easing Cycle
NZD/USD may continue to retrace the decline from the October high (0.6896) as subdued wage growth in the world’s largest economy drags on the Fed outlook, but the outcome of the Reserve Bank of New Zealand’s (RBNZ) December 10 policy meeting may drag on the exchange rate should Governor Graeme Wheeler and Co. show a greater willingness to further embark on its easing cycle in 2016.
Chinese Yuan (CNH) Forecast – Chinese Yuan Outlook Remains Ahead of Important Data
The Chinese Yuan Offshore Exchange Rate (USD/CNH) saw little volatility despite a much larger breakdown in the US Dollar, and traders were reminded that CNH remains closely correlated to the onshore Yuan exchange rate (USD/CNY).
Gold Forecast – Gold Snaps 6-Week Losing Streak as NFPs Fuel Bets for 2015 Rate Hike
Gold prices snapped a six-week losing streak on Friday with the precious metal rallying 2.55% to trade at 1084 ahead of the New York close.
more...