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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 ...
The AUD/USD has started Tuesday’s trading breaking out to a new 2017 high at .7384. However, the pair was quickly rejected by resistance found at a 61.8% retracement value at .7385. As seen in the image below, this retracement has been measured using the distance between the December 2016 high and low, found at.7524 and .7159 respectfully. If prices continue to trade beneath this value, it may suggest a daily turn back in the direction of the pairs primary trend. Alternatively if the AUD/USD rebounds ...
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