ForeCastle

US Dollar Forecast – US Dollar Gains Despite Fed Reticence, Is a Risk Shift Afoot?
The big day has come and gone. The Federal Open Market Committee (FOMC) voted 9-1 to keep the range for the benchmark interest rate between 0.00 and 0.25 percent.

British Pound Forecast- GBP/USD Risks Larger Post-Fed Advance Amid Narrowing Race With BoE
GBP/USD may continue to retrace the decline from the previous month as the Bank of England (BoE) still anticipates faster inflation later this year, while the Federal Open Market Committee (FOMC) turns increasingly cautious towards the risks posed by a further appreciation in the reserve currency.

Japanese Yen Forecast- US Dollar Traders Should Keep an Eye on USD/JPY for Next Big Moves
The Japanese Yen finished the week near critical resistance versus the US Dollar (USD/JPY support), and whether or not it trades higher could have a significant impact on the USD across the board.

Australian Dollar Forecast – Australian Dollar at Risk Amid Growing Global Slowdown Fears
The Australian Dollar may turn lower anew following a two-week recovery as global slowdown fears weigh on risk appetite and hurt the sentiment-linked currency.

Canadian Dollar Forecast- In-Line CPI and PM Elections Turn CAD Focus Away From Oil for Now
Canada’s August consumer price index came in right as expected across the board for the year-over-year reading with no revisions providing signs of stability in the energy reliant economy.

New Zealand Dollar Forecast- For the Kiwi, it’s All About the Milk
After embarking on one of the most emboldened down-trends of the year, the Kiwi-Dollar spent the better part of two weeks attempting to break-through support at the ‘panic lows’ of August 24th.

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