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Dollar’s Rally Has Grown Even More Extreme Fundamental Forecast for Dollar: Neutral The US Dollar has rallied for a record 11 consecutive weeks, and the quarter is on pace for a 7-year record Fed forecasts have done much of the heavy lifting to this point, but risk trends are increasingly important We are only a few days from the close of the US Dollar’s best quarterly performance since the third quarter of 2008 – at ...
British Pound Selling to Continue on Static BOE, Hawkish FOMC Minutes Fundamental Forecast for Pound: Bullish Status-Quo BOE Announcement to Amplify Slide in Rate Hike Outlook Hawkish FOMC Minutes to Help Undermine the Pound’s Yield Appeal One might have expected the British Pound to move confidently higher after the Scottish Independence referendum passed without disrupting the status quo considering the Bank of England ...
Japanese Yen Likely to Correct Sharply Higher, but When? The Japanese Yen fell to fresh post-financial crisis lows versus the surging US Dollar, but a clear slowdown the USDJPY rally warns that it’s near an end. When might we buy? The difficulty in trading the USDJPY is clear: recent data shows that the trade is extremely crowded, and a sharp correction is possible if not likely. Yet ...
AUD Hangs Hopes On US Dollar Exhaustion Amid Status-Quo RBA Bets Fundamental Forecast for Australian Dollar: Neutral AUD/USD Recovers From Within Striking Distance Of 2014 Low Fundamental Backdrop Remains Unsupportive For Yield-Plays Hopes For A Recovery Hinge On Profit-Taking From USD Longs AUD/USD faced another turbulent week with the currency staging a remarkable recovery after falling to within inches of its ...
Gold Eyes 2013 Lows Post NFPs- Fed Minutes in Focus Fundamental Forecast for Gold: Bearish Gold Braces For A Bumpy Ride On NFP, Natural Gas Dives On Storage Data Gold Holding Up at 1206…1240 Next? Gold prices are markedly lower this week with the precious metal off by more than 2.1% to trade at $1191 ahead of the New York close on Friday. The losses come on the back of a strong employment report with improving US data ...