ForeCastle

British Pound Forecast – GBP/USD to Face Relief Rally on Upbeat U.K. PMI, Dovish Fed Rhetoric
With second-tier data on tap for the week ahead, the British Pound may continue to consolidate ahead of the next Bank of England (BoE) interest-rate decision on April 14, but fresh rhetoric from Fed officials may generate a near-term rebound in GBP/USD as Chair Janet Yellen endorses a more dovish outlook for monetary policy.



Japanese Yen Forecast - Japanese Yen Strength is its Own Undoing – Watch for Weakness
The Japanese Yen finished the week higher versus the fast-falling US Dollar, but key disappointments in domestic economic data and Nikkei 225 losses kept the JPY lower against other major FX counterparts.



Australian Dollar Forecast – Australian Dollar May Overlook RBA, Focus on Fed Meeting Minutes
The Australian Dollar may overlook a status-quo policy announcement from the RBA as the spotlight continues to be dominated by Fed rate hike speculation.



Canadian Dollar Forecast - Canadian Dollar Breaks Away From G10 Data Disappointment Trend
This range represents a fall of ~12.5% on the pair, and a lot of the move can be contributed to the support provided by the Bank of Canada as well as Canadian economic data like inflation.



Gold Forecast – Gold to Remain Supported on Dovish Fed- Bullish Invalidation 1193
Gold prices traded higher this week, with the precious metal advancing 0.58% to trade at 1256 ahead of the New York close on Friday.



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