US Dollar Forecast- Dollar and Market Confidence Ride on FOMC Decision The US Dollar managed to muscle out a modest advance this past week despite favorable winds for investor sentiment (through benchmarks like S&P 500 and volatility indexes) as well as a persistent dovishness in rate forecasts. Japanese Yen Forecast – USD/JPY to Eye Fresh Highs on Less-Dovish FOMC, More BOJ Easing The fundamental outlook for USD/JPY remains bullish as Federal Open Market Committee (FOMC) ...
- U.S. Consumer Price Index (CPI) to Slow for Third Consecutive Month. - Core Rate of Inflation to Hold at Annualized 1.7% for Second Month. Trading the News: U.S. Consumer Price Index (CPI) A further slowdown in the U.S. Consumer Price Index (CPI) may spark a bearish dollar reaction (bullish EUR/USD) as the majority of the Federal Open Market Committee (FOMC) remain in no rush to normalize monetary policy. What’s Expected: ...
- Canada Consumer Price Index (CPI) to Slow After Holding at 2.1% for Last Two-Months. - Core Inflation to Retain the Fastest Pace of Growth Since April 2012. Trading the News: Canada Consumer Price Index (CPI) A slowdown in Canada’s Consumer Price Index (CPI) may generate a further advance in USD/CAD as it gives the Bank of Canada (BoC) greater scope to retain its current policy throughout the remainder of 2014. What’s Expected: ...
- Euro-Zone Consumer Price Index (CPI) to Mark the Slowest Pace of Growth Since October 2009. - Core Inflation to Hold Steady at 0.9% for Second Straight Month. Trading the News: Euro-Zone Consumer Price Index (CPI) A further slowdown in the Euro-Zone’s Consumer Price Index (CPI) may prompt fresh monthly lows in the EUR/USD as it puts increased pressure on the European Central Bank (ECB) to implement more non-standard measures. What’s Expected: ...
Last week was a relatively light one, with few key*fundamental releases, including the final version of Q2 GDP, which improved upon the initial estimates, with a print of 4.6% on the year. This week will be much heavier in terms of the number and significance of economic releases. Let’s take a look at the key ones we can expect to shake up the currency markets. Monday (9/29) German Preliminary CPI m/m (September) Forecast: -0.1% Previous 0.0% ...
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