Gold Prices have dipped as the US Dollar gains strength ahead of this morning’s USD ISM Manufacturing data. Expectations for today’s event are set at 56.2, and as a high importance event its release is expected to directly affect US Dollar priced assets including Gold. Technically, gold prices have declined substantially after trading to yearly highs earlier in the week at $1,264.06. Now, prices are trading back below their 10 day EMA ...
US Dollar Forecast: US Dollar May Struggle as Trump Speech Overshadows Hawkish Fed The US Dollar may struggle in the week ahead as doubts about the impact of still-uncertain fiscal policy overshadow hawkish pronouncements from Federal Reserve officials. Japanese Yen Forecast: Kuroda Stokes Bullish Motivation in the Yen; CPI on Deck One of the biggest beneficiaries of the ‘Trump Bump’ across global markets was Japan. After ...
US Dollar Forecast: US Dollar Rise on Fed Rate Hike Bets at the Mercy of Team Trump The US Dollar may find renewed support from a hawkish Federal Reserve in the week ahead but worrisome headlines from Washington, DC remain a potent threat. Japanese yen Forecast: USD/JPY to Track Risk Trends as Yellen Fails to Shift Rate Outlook Headlines coming out of the G20 meeting may yield a limited reaction in USD/JPY as the group of ...
US Dollar Forecast: US Dollar Still in Trump Watch Mode as FOMC, Key Data Loom The US Dollar might have been encouraged to rise by supportive data flow and an optimistic Fed but lingering fiscal policy uncertainty severely complicates things. British Pound Forecast:GBP/USD to Take Cues From FOMC/BoE Interest Rate Outlook The Bank of England’s (BoE) ‘Super Thursday’ event may shake up the near-term outlook for GBP/USD should ...
US Dollar Forecast - US Dollar at Risk as Traders Cut Exposure Amid Information Vacuum The US Dollar may decline for a third straight week as lingering fiscal policy uncertainty encourages investors to scale back net-long exposure. British Pound Forecast - British Pound Clings to ’Flash Crash’ Range Ahead of UK/US GDP Report GBP/USD may continue to face range-bound conditions ahead of the ‘Brexit’ deadline as Prime Minister ...