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Weekly Trading Forecast: Will Fed and Greek Elections Keep FX Volatility Boiling

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by , 01-26-2015 at 08:10 AM (1425 Views)
      
   
US Dollar Forecast– Dollar and S&P 500 Traders Hold Breath for Fed Decision
In the past few weeks, we have seen a nearly universal dovish shift in global monetary policy.

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New Zealand Dollar Forecast – New Zealand Dollar Ma
y Rise as RBNZ Maintains Hawkish Rhetoric

The New Zealand Dollar may rise as RBNZ rhetoric after next week’s rate decision maintains a hawkish lean, clashing with a dovish shift in market expectations.

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Japanese Yen Forecast – Bullish USD/JPY Outlook Vul
nerable to Less-Hawkish Fed, Dismal US GDP

The fundamental developments due out next week may undermine the bullish forecasts surrounding USD/JPY should the Federal Open Market Committee (FOMC) scale back its hawkish tone for monetary policy.

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British Pound For
ecast – British Pound Likely to Rally if Critical US FOMC Meeting Disappoints

A negative surprise from the Bank of England helped push the British Pound lower for the sixth-consecutive weeks versus the US Dollar.


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Gold Forecast – Gold Rally Fizzles Ahea
d of FOMC, US GDP- 1263 Key Support

Gold prices are higher for a third consecutive week with the precious metal rallying 0.91% to trade at $1292 ahead of the New York close on Friday.

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