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US Dollar Forecast: Dollar Fully Primed for March Fed Hike Leses its Motivation? The Dollar’s posture heading into the new week is bullish on the back of a remarkably decisive outlook for a Fed hike at the next official FOMC meeting. Japanese Yen Forecast: USD/JPY Carves Bullish Series Ahead of NFP on Hawkish Fed Rhetoric USD/JPY may continue to retrace the decline from earlier this year as a growing number of Fed officials ...
The AUD/USD is trading into key values of support, as the pair has fallen as much as 199 pips from the standing yearly high at .7741. This decline has come mostly on the back of recent US Dollar strength, and now the market is waiting for Fed Chair Janet Yell to make her most recent statements in Chicago later today. Technically the AUD/USD is trending lower in the short term, trading well below its 10 day EMA (exponential moving average), ...
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 ...