ForeCastle

US Dollar Forecast – Dollar: What Will It Take to Recharge Momentum in the Coming Week?
A retreat through Friday left the USDollar with limited gains on the week. Nevertheless, the Greenback will head into the new trading week with tangible gains against the Euro and Pound – two of its most liquid counterparts.



British Pound Forecast - Brexit Deal Could Bring a Bid to GBP
Dominating the headlines for the foreseeable future in the UK will be the prospect of a ‘Brexit,’ or a British exit from the European Union.



Japanese Yen Forecast - Japanese Yen Poised to Gain Further Unless this Changes
The Japanese Yen finished the week marginally higher despite a clear disappointment in economic growth figures, and two key themes will likely determine whether the JPY resumes its impressive year-to-date uptrend.



Canadian Dollar Forecast – USD/CAD Range Vulnerable to Fresh Fed Rhetoric, Slowing U.S. GDP
The long-term outlook for USD/CAD remains tilted to the upside amid the deviating paths for monetary policy, but signs of a slowing recovery in the world’s largest economy may spur a further correction in the exchange rate especially as the Federal Reserve remains in no rush to implement higher borrowing-costs.



Australian Dollar Forecast – Aussie Dollar at the Mercy of Risk Trends on US, Eurozone Data
The Australian Dollar is set to look past a lackluster domestic data docket to trade with risk sentiment trends on the back of high-profile US and Eurozone event risk.



New Zealand Dollar Forecast – New Zealand Interest Rates Expectations Favor NZD Bears
The New Zealand Dollar remains unable to sustain a push higher as the macroeconomic data continues to prevent a risk-on rally, which NZD benefits from to be sustained.



Gold Forecast – Lackluster US GDP to Help Gold Shine- 1252 Hurdle in View
Gold prices snapped a 4-week winning streak this week with the precious metal off 0.84% to trade at 1227 ahead of the New York close on Friday.




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