US Dollar Forecast – Dollar Struggles as Rate Disbelief Lingers, Euro and Yen Gain Ground The Dollar dove to end this past week at its lowest level in 11 months. The extension of the currency’s slide from its 13-year high set back in late January (now down over 4.5 percent) was fueled by a distinct loss of traction in rate forecasts. Euro Forecast - EUR/USD Showing Strength, But Data Still a Mixed Bag The Euro just capped ...
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 ...
US Dollar Forecast – Dollar Seeks Guidance from Fed Speculation, Risk Trends, ECB and Oil There can be disadvantages to being the world’s most liquid currency. The Dollar’s intrinsic integration into the global financial system makes it particularly vulnerable when its fundamental health is shaken and the world is in a state of flux. British Pound Forecast – Little Relief Ahead for G10 FX’s Weakest Currency, the British Pound ...
The USD/CAD Breaks Lower on Employment DataDaily Price are Now Testing Weekly Lows USD/CAD 30 Minute Chart The USD/CAD is trading lower this morning, after the release of better than expected employment data. CAD unemployment was expected at 7.3% and released at 7.1% As well. Data on net changes in employment also beat expectations at +40.6k. This news has caused the USD/CAD to breakout below this morning’s R4 pivot point ...
British Pound Forecast – GBP/USD to Face Relief Rally on Upbeat U.K. PMI, Dovish Fed Rhetoric With second-tier data on tap for the week ahead, the British Pound may continue to consolidate ahead of the next Bank of England (BoE) interest-rate decision on April 14, but fresh rhetoric from Fed officials may generate a near-term rebound in GBP/USD as Chair Janet Yellen endorses a more dovish outlook for monetary policy. Japanese Yen Forecast - Japanese Yen Strength is its Own Undoing – Watch for Weakness ...
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