US Dollar Forecast - Dollar to be Jostled by Traders Speculation and Fed Officials Forecasts The Federal Reserve announced to the market a ‘hawkish hold’ at its policy gathering this past week, and in turn offered little resolution to the market’s conflict over the Dollar’s current richness or cheapness. Japanese Yen Forecast – Bank of Japan and US Federal Reserve Keep USD/JPY Downtrend Intact The Japanese Yen rallied for ...
Euro Forecast – All Eyes on ECB: Extension of QE, or just More Wait-and-See? The European economy continues to flail, that much can be widely agreed upon without further debate. Unemployment throughout the bloc remains stubbornly above the 10% threshold, and this week, more evidence contributed to the mounting case that the March ‘bazooka’ of stimulus triggered by the ECB has yet to show any additional signs of promise for the European economy. ...
US Dollar Forecast – Dollar Looks to Yellen to Turn Volatility into Trend, Will She Acquiesce? Indecision is a universal market theme. And, the Dollar has not escaped the sedation. A confluence of conviction and participation is proving exceptionally difficult to muster due to the growing sense of skepticism in fundamental value as well as the seasonal lull that we expect through the ‘Summer doldrums’. European Euro Forecast – Euro Traders Look to US Dollar for Next Major Moves ...
Gold prices have been consolidating in sideways fashion for the past month. With limited new information from the Fed regarding the status of the next rate hike, gold prices have found a comfortable range to trade in. Technically speaking, this range could be taking the shape of a triangle. This pattern suggests we’ll look for lower levels to buy into. It is not uncommon for prices to briefly penetrate the triangle’s trend lines. Therefore, ...
US Dollar Forecast – USDollar Range to Extend Unless CPI or Fed Speakers Shift Rate Timing Conditions are extraordinarily quiet across the financial market, and the Dollar is certainly not escaping the lethargy. Japanese Yen Forecast – Yen Runs to Resistance as Stimulus Bets Continue to Price-Out The Japanese Yen has been quite the volatile currency of recent. After the Brexit referendum drove the Yen to fresh highs as risk ...
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