ForeCastle

US Dollar Breakout Velocity Rests with Fed’s Liftoff Outlook after NFPs
Though the USDollar cooled its pace modestly from the strongest weekly advance in two years, the currency nevertheless put in for another impressive advance.



GBP/USD Carves Bearish Pattern Ahead of BoE Interest Rate Decision
GBP/USD remainsat risk of facing a further decline in the week ahead should the fundamental developments coming out of the U.K. & U.S. heighten bets of seeing the Federal Reserve normalize monetary policy ahead of the Bank of England (BoE).



Japanese Yen Stumbles, but is a USDJPY Rally Above ¥124 Justified?
The Japanese Yen finally broke out of its long-standing range versus the US Dollar and fell to decade-plus lows. Momentum clearly favors further US Dollar gains and Yen losses, but key US event risk and a planned speech from the Bank of Japan offer the potential for volatility in the week ahead.

Australian Dollar Volatility Ahead on RBA, China PMI and US Jobs Data
The Australian Dollar is bracing for a volatile week ahead, with the RBA in focus domestically while Chinese and US news-flow threatens to deliver external shocks.



Gold Range Carries Into June- Opening Range in Focus Ahead of NFP
Gold prices are lower for a second consecutive week with the precious metal off by more than 1.2% to trade at 1191 ahead of the New York close on Friday.



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