ForeCastle

Dollar’s Longest Run in Half a Century Hinges on Fed Decision
Dollar momentum looks self-sustaining, and few things seem as if they could curb this move much less reverse it decisively. But, it just so happens that one of the most capable fundamentals cues is dead ahead.

Euro Faces Volatility as External Factors Compound Onset of TLTRO
The operative question for the Euro going forward is whether this precedes a period of consolidation before a reinvigorated push downward or a correction upward.

Japanese Yen Remains Strong Sell Until these Factors Change
The Japanese Yen broke convincingly lower versus the US Dollar as the USDJPY set its single-largest weekly advance on the year. We believe the currency pair remains an attractive buy on the impressive break higher.

GBP/USD Vulnerable on Dovish BoE Minutes, Scotland Independence
The British Pound is likely to face heavy volatility in the week ahead as the Bank of England (BoE) publishes the policy meeting minutes, while Scotland takes to the polls to vote for independence on September 18.

AUD Remains at Risk as the Return of Volatility Caps Carry Demand
The dam wall may have finally broken for the Australian Dollar following the currency’s plunge below the 92 US cent handle..

Gold Plummets to Eight-Month Lows on Persistent USD - All Eyes on FOMC
While the broader outlook for gold remains weighted to the downside, near-term the metal is coming into support as investors shift their focus to next week’s key event risk from the Fed.


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