ForeCastle

US Dollar Forecast – US Dollar Looks to Fed, US GDP, Struggling Euro and Yen to Guide It
The USDollar has advanced for five consecutive weeks – although the pace hardly resembles the unconstrained bull trend through the first quarter of 2015.



Japanese Yen Forecast – USD/JPY July Recovery at Risk on Wait-and-See FOMC/BOJ Policy
The diverging paths between the Federal Open Market Committee (FOMC) and the Bank of Japan (BoJ) may encourage market participants to adopt a long-term bullish bias forUSD/JPY, but the fresh batch of central bank rhetoric may heavily impact the near-term outlook should the policy statements show a greater willingness to retain the status quo.



Chinese Yuan Forecast – Yuan Stays in Range on PBOC Guidance
Both the onshore and offshore Yuan rates failed to hold above the key resistance level 6.70, falling below the 6.6800-handle this week.



Australian Dollar Forecast – Aussie Drops on RBA Minutes, Inflation to Provide Directional Cues
The Australian Dollar has put in sizeable reversal of the prior bullish trend this week, falling by as much as 234 pips or 3% against the US Dollar from last Friday’s high.



Gold Forecast – Gold Prices Vulnerable Ahead of FOMC/ July Close
Gold prices are weaker for a second consecutive week with the precious metal off by more than 1% ahead of the New York close on Friday.




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