US Dollar Forecast:US Dollar Left Vulnerable as Trump Trade Narrative Unravels
The US Dollar remains vulnerable after two weeks of losses as the failure of US healthcare reform puts the “Trump trade” case for steep Fed rate hikes into question.
European Euro Forecast: European Political Risks Front-and-Center as ’Green Shoots’ Continue to Show
Data out of the Euro-Zone continues to impress, giving the impression that we may finally
US Dollar Forecast: US Dollar May Recover as Fed Speeches Reiterate Rate Hike Intent
The US Dollar may recover after suffering its largest weekly loss in nearly five months as Fed officials reiterate their intention to continue raising rates this year.
British Pound Forecast: CPI the Focal Point as a Shift Begins to Emerge Within the BoE
The Bank of England hosted an interesting rate decision this week. No changes were made,
Gold prices are rebounding, as the US Dollar declines on NFP data. Expectations for today’s NFP (Non-Farm Payrolls) event were set at 200k, and released better than expected at 235k. Also, January’s high was revised upwards from 227k to 238k.
Technically, gold prices have found support after declining to a 76.4% Fibonacci retracement level found near $1,200.00. This line has been calculated by measuring the distance between the January
Crude oil prices continue to trade off of yearly highs, but have failed to breakout significantly for the 2017 trading year. As such, traders continue to wait for a market catalyst to cause the commodity to breach key values of either support or resistance. Key news for this week includes the release of US employment data this Friday. Expectations for US NFP (Feb) is set at +190k, while the US Unemployment Rate is set to be released at 4.7%.
US Dollar Forecast: Dollar Fully Primed for March Fed Hike Leses its Motivation?
The Dollar’s posture heading into the new week is bullish on the back of a remarkably decisive outlook for a Fed hike at the next official FOMC meeting.
Japanese Yen Forecast: USD/JPY Carves Bullish Series Ahead of NFP on Hawkish Fed Rhetoric
USD/JPY may continue to retrace the decline from earlier this year as a growing number of Fed officials