ForeCastle

US Dollar Forecast – Dollar Breaks Higher but Will GDP and FOMC Forecasts Sustain It?
Finally, a bit of a reprieve for the USDollar. Having found itself under moderate but persistent pressure since its recent peak at the beginning of February, the Greenback finally managed a technical feat of strength.



Japanese Yen Forecast - The Alchemy of Turning a Negative into a Positive
The Yen has put in a significant movement so far on the day, weakening against the US Dollar by as much as 2.32%; and this is the largest movement of weakness in the Yen since January 29th, when the currency weakened by 2.7% against the Greenback after the Bank of Japan had, surprisingly, made the move to negative interest rates at the January BoJ meeting.



Chinese Yuan (CNH) Forecast – Yuan Outlook Bearish on Prospect of Increased Liquidity
With a light calendar over the past week, the offshore Yuan rate (CNH) extended losses against the US Dollar for the third consecutive week, testing a key support level at the 38.2% retracement level of the January decline.



New Zealand Dollar Forecast - China's Commodity Hunger & Weak USD Support New Zealand
The New Zealand Dollar hit 2016 highs this week as the commodity train continued to roll on the back ofan increasingChina Demand. Unfortunately, spot NZD/USD ended the week on a soft note after falling for three straight days.



Australian Dollar Forecast - Aussie Dollar Eyes Volatile Week on CPI, FOMC and Earnings Flow
The Australian Dollar looks ahead to a volatile week as CPI data shapes RBA policy bets while the FOMC policy announcement and Q1 earnings outcomes drive risk sentiment.



Gold Forecast – Gold Price Consolidates – Will FOMC Deliver a Break?
Gold prices continue to consolidate the gains from the beginning of the year as the yellow metal has traded sideways for 10 weeks.




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