Technical Forecasts

US Dollar Forecast– Dollar on the Verge of Major EURUSD Break After NFP-Led Rally
The US Dollar has dominated the FX market in the second half of 2014.

Japanese Yen Forecast – Yen to Look Past Japan Election with US Policy, Seasonal Forces Key
Domestic developments remain largely an afterthought for the Japanese Yen even as the December 14 snap election looms ahead.

British Pound Forecast – GBP/USD Downside in Focus on Fed Expectations, Bearish RSI Momentum
GBP/USD slipped to a fresh monthly low of 1.5568 as U.S. Non-Farm Payrolls marked the largest advance since January 2012.

Gold Forecast - Gold Outlook Undermined by Steller NFPs, Strong USD
Despite the ‘No’ vote on the Swiss Referendum, Gold prices are higher this week with the yellow metal rallying more than 1.9% to trade at $1189 ahead of the New York close on Friday.





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US Dollar Forecast– Dollar’s Six-Month Bull Trend Rides on FOMC
The Dow Jones FXCM Dollar Index (ticker = USDollar) dropped this past week for the first time since the mid-October, market-wide slump.

British Pound Forecast – British Pound May Finally Mount a Sustained Recovery versus USD
The British Pound finished the week modestly higher but continued to trade in a tight range versus the US Dollar.

Japanese Yen Forecast – USD/JPY Outlookto Remain Bullish on Fed, BoJ Policy Divergence
The near-term outlook for USD/JPY remains mired by Japan’s December 14 snap election, but the ongoing deviation in the policy outlook should continue to produce a further advance in the exchange rate as a growing number of Fed officials show a greater willingness to normalize monetary policy in 2015.

Australian Dollar Forecast – Australian Dollar May Drop Out of Range on FOMC, RBA Minutes
The Australian Dollar may break out downward as the FOMC policy announcement and minutes from December’s RBA meeting fuel policy divergence bets.

Gold Forecast – Gold Rally Vulnerable to Hawkish FOMC - $1237 Key Resistance
Gold prices are markedly higher this week with the precious metal rallying 2.5% to trade at $1222 ahead of the New York close on Friday.





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US Dollar Forecast – US Dollar Targets Fresh Highs versus Euro, but What Could Change?
The US Dollar finished at fresh multi-year highs versus the Euro and near key peaks versus other currencies, boosted by a sharp improvement in US interest rate expectations on a highly-anticipated Fed interest rate decision.

Japanese Yen Forecast – Japanese Yen May Resume Recovery on Year-End Capital Flows
The outcome of Japan’s snap election passed without making much noise in the financial markets last week as expected.

British Pound Forecast – GBP/USD Range in Focus Ahead of U.K. & U.S. 3Q GDP Reports
The Gross Domestic Product (GDP) reports coming out of the U.K/U.S. may spark a further decline in GBP/USD as market participants see the Federal Open Market Committee (FOMC) normalizing monetary policy ahead of the Bank of England (BoE).

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US Dollar Forecast– US Dollar Run As Robust - or Fragile - as S&P 500?
The Dollar has advanced for four successive weeks and is working on a record-breaking seventh consecutive month of gains.

British Pound Forecast – GBP/USD Vulnerable to Slowing U.K. Inflation - BoE Testimony in Focus
GBP/USD may struggle to hold above the 1.5000 handle in the week ahead should the fundamental developments coming out of the U.K. economy curb the Bank of England’s (BoE) scope to normalize monetary policy in 2015.

Japanese Yen Forecast – Japanese Yen Reversal Risk Grows - Will History Repeat itself?
The Japanese Yen snapped a multi-week losing streak for the US Dollar as it rallied noticeably off of recent lows.

Australian Dollar Forecast - Aussie Dollar Aims Higher on Shift in RBA vs. Fed Policy Outlook
The Australian Dollar is likely to continue a recovery against its US counterpart as economic news-flow drives a shift in the near-term monetary policy outlook.

Gold Forecast - Gold Snaps 3-Week Losing Streak- $1230 in Focus Ahead of US CPI
Gold prices snapped a three-week losing streak this week with the precious metal rallying 2.51% to trade at $1218 ahead of the New York close on Friday.




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US Dollar Forecast– US Dollar Rally Dependent on Fed Forecast and Haven Status
A tumultuous week for the currency market has found the Dollar closing its fifth consecutive week in the green and well on its way to a record-breaking seventh consecutive month climb.

Swiss Franc Forecast – Swiss Franc Opportunities Seen Beyond Breakneck Volatility
Swiss Franc trading opportunities are likely to emerge ahead, but not before another wave of volatility batters the currency in the coming week.

Japanese Yen Forecast – USD/JPY Risks Larger Correction on Less-Dovish BoJ, Risk Aversion
USD/JPY may face a larger correction in the week ahead should the Bank of Japan (BoJ) remain confident in achieving the 2% inflation target and endorse a more neutral tone for monetary policy.

Gold Forecast – Gold at 4-Month High as SNP Scraps Peg - Constructive above $1248
Gold prices are markedly higher this week with the precious metal rallying more than 4% to trade at $1272 ahead of the New York close on Friday.

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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.

New Zealand Dollar Forecast – New Zealand Dollar May 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.

Japanese Yen Forecast – Bullish USD/JPY Outlook Vulnerable 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.

British Pound Forecast – 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.

Gold Forecast – Gold Rally Fizzles Ahead 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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US Dollar Forecast– Dollar Breaks Bullish Record but Momentum Facing Headwind
When is ‘in-line’ a source of fundamental strength – when the economy/market/asset is already positioned as a leader.

Japanese Yen Forecast – Japanese Yen Likely to test Major Levels on Key Week Ahead
The Japanese Yen remained near-motionless against the US Dollar, but key events in the days ahead suggest the USDJPY could finally break its tight consolidative range.

British Pound Forecast – GBP/USDPreserves Bearish Momentum Ahead of BoE Meeting
The Bank of England (BoE) interest rate decision may have a limited impact on GBP/USD as the central bank is widely expected to preserve its current policy at the February 5 meeting.

Australian Dollar Forecast – Australian Dollar May Rebound as RBA Disappoints Rate Cut Bets
The Australian Dollar may launch a rebound if the RBA opts against a rate cut and maintains neutral guidance at its upcoming policy meeting.

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Dollar Survives Reversal, Can Rate Speculation Hold Back Gravity?
The Dollar came dangerously close to starting a speculative landslide this past week. Yet, once again fundamentals have stepped in keep the record-breaking seven-month bull trend intact.

USDJPY Surge Likely Short-Lived as Pairs Stick to Tight Ranges
The Japanese Yen finished the week noticeably lower versus all major counterpart and pushed the US Dollar/JPY exchange rate through key resistance. Could this be the start of a larger USDJPY breakout?

British Pound May Rise Following the BOE Inflation Report
The British Pound was left without guidance on rates after last week's BoE decision. The markets will look to dispel this uncertainty in the week ahead as the central bank publishes its quarterly Inflation Report.

Gold Plummets 4% on Stellar NFPs - Key Support in View
Gold prices plummeted this week with the precious metal off more than 4% to trade at $1231 ahead of the New York close on Friday.

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US Dollar Forecast– Dollar Climb is Sputtering as Counterparts Raise the Stakes
The Dollar’s relative fundamental appeal is strong. Backed by a pace-setting rate forecast, a comparatively-robust growth outlook and a market depth that can offer a buffer in case clouds gather; there is considerable appeal.

Japanese Yen Forecast – Japanese Yen Risks Larger Correction on Strong GDP, Less Dovish BoJ
Japan’s 4Q Gross Domestic Product (GDP) report may heighten the appeal of the Yen and encourage the Bank of Japan (BoJ) to soften its dovish tone for monetary policy as the region is expected to return to growth during the last three-months of 2014.

British Pound Forecast – British Pound Rebound at Risk on Greek Debt Talks, UK Inflation Data
The British Pound will face challenges to its nascent recovery Greek debt negotiations and UK inflation data capture the spotlight in the week ahead.




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US Dollar Forecast– Dollar At Risk of Breaking Record Run But Will it Reverse?
The Dollar is at risk of breaking its record string of monthly gains at the close of the coming week.

British Pound Forecast – British Pound to Rise as Focus Reverts to BOE Rate Hike Speculation
The British Pound is likely to riseagainst the US Dollar as ebbing Greece-inspired worries see firming Bank of England rate hike bets return to the forefront.

Gold Forecast – Gold Responds to Key Support Range As FOMC Softens Rhetoric
Gold prices are lower for a fourth consecutive week with the precious metal off more than 2.4% to trade at $1199 ahead of the New York close on Friday.

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