ForeCastle

US Dollar Forecast – Fed Provides Dollar Lift, FOMC Speak and SPX May Play Key Roles
The Dollar is finding some serious reprieve from a painful three months of selling pressure.



British Pound Forecast – BoE Warns of Weakness, Even Without Brexit
The British Pound put in a strong week of gains through Thursday, snapping the two-week losing streak that the Sterling put in against the US Dollar after running up to a new nine-month high earlier in May.



Chinese Yuan (CNH) Forecast – Chinese Yuan Torn Between PBOC, Fed
Both the onshore Yuan (CNY) and offshore Yuan (CNH) traded lower against the US Dollar this week due to the increased expectations of a Fed rate hike in June after FOMC April minutes were released on Wednesday.



Australian Dollar Forecast – Aussie Dollar to Track Risk Trends on Fed Outlook, Brexit Bets
The Australian Dollar is likely to fall in with broad-based risk sentiment trends as markets size up the Fed policy outlook and Brexit probabilities in the week ahead.



Canadian Dollar Forecast – USD/CAD to Eye Fresh May Highs on Hawkish Fed Rhetoric, Dovish BoC
The near-term advance in USD/CAD may gather pace in the week ahead should the Bank of Canada (BoC) endorse a dovish outlook for monetary policy, while Federal Reserve officials show a greater willingness to implement higher borrowing-costs over the coming months.



New Zealand Dollar Forecast – New Zealand’s Migration Boom Could Keep RBNZ on Hold & Support NZD
The US Dollar surprised a lot of G10 currencies last week, but the New Zealand Dollar held firm.



Gold Forecast – Gold Decline Intensified as Fed Hints of Rate Hikes Ahead
Gold prices are down for a third consecutive week with the precious metal off 1.69% to trade at 1251 ahead of the New York close on Friday.




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