Technical Forecasts

US Dollar Forecast– Dollar Trend at Risk and Volatility High Following FOMC Meeting
The Federal Open Market Committee (FOMC) meeting this past week certainly set off fireworks in the financial market.

Japanese Yen Forecast – USD/JPY Fails to Retain Bullish Momentum Ahead of U.S. CPI, 4Q GDP
In light of the market reaction to the Federal Open Market Committee’s (FOMC) March 18 meeting, the fundamental developments coming out of the world’s largest economy may continue to dictate the near-term price action for USD/JPY as Janet Yellen and Co. shows a greater willingness to retain the zero-interest rate policy (ZIRP) beyond mid-2015.

British Pound Forecast– British Pound Faces Critical Test in Important Week Ahead
The British Pound showed signs of life as it rallied for the first week in three versus the US Dollar, but concerns over the future of UK interest rates may continue to weigh on the domestic currency through the foreseeable future.

Australian Dollar Forecast –Australian Dollar Looks to Fed Policy Bets, Chinese PMI for Guidance
The Australian Dollar will look to evolving Federal Reserve rate hike bets to drive continued recovery but soft Chinese PMI data may reduce scope for gains.

Gold Forecast – Gold Carves Weekly Outside Reversal Post FOMC
Gold prices are sharply higher this week with the precious metal advancing 2.14% to trade at 1183 ahead of the New York close on Friday.

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US Dollar Forecast– Dollar Goes for Nine-Month Rally with Fed Talk and NFPs on Tap
The Dollar came dangerously close to a nasty speculative spill this past week.

Japanese Yen Forecast – USD/JPY Holds 118.20 Support Ahead of Fed Rhetoric, NFP Report
The fundamental developments coming out of the U.S. economy may continue to undermine the long-term bullish outlook for USD/JPY as recent headlines point to a growing dissent within the Federal Open Market Committee (FOMC).

British Pound Forecast– British Pound Forecast to Fall Further Across the Board
The British Pound fell for the third week of the past four versus the US Dollar, hurt by disappointing economic data and generally dour trading sentiment.

Australian Dollar Forecast – Australian Dollar at the Mercy of Risk Trends on Greece, Fed Outlook
The Australian Dollar is at the mercy of risk appetite trends in the week ahead as Greece fights to secure bailout funding and payrolls data informs Fed rate hike bets.

Gold Forecast – Gold Stretches Into Key Resistance – April Outlook Hinges on Fed, NFP
Gold prices are higher for a second consecutive week with the precious metal advancing 1.48% to trade at 1199 ahead of the New York close on Friday.

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US Dollar Forecast– Dollar Risk of Correction as Speculative Appetite Wavers
There is little doubt that the US Dollar maintains a fundamental advantage over most of its counterparts.

Japanese Yen Forecast – USD/JPY Retail Boosts Long Exposure; 118.20 in Focus Ahead of BoJ
The Bank of Japan (BoJ) interest rate decision may heighten the appeal of the Japanese Yen and spur a further decline in USD/JPY should Governor Haruhiko Kuroda continue to endorse a wait-and-see approach following the April 8 meeting.

British Pound Forecast– British Pound at Risk of Declines Given Political Uncertainty
The British Pound finished the week almost exactly where it began, first falling versus the US Dollar until a sharp USD sell-off sent the GBP/USD through key levels.

Australian Dollar Forecast – Australian Dollar Volatility Ahead as RBA Compounds External Threats
The Australian Dollar is likely set for a pickup in volatility as conflicting cues ahead of the RBA policy announcement compound tumult on the external front.

Gold Forecast – NFP Inspired USD Weakness to Benefit Gold - 1180 Key Support
Gold prices are higher for a third consecutive week with the precious metal advancing nearly 0.4% to trade at 1202 into the close.

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US Dollar Forecast – US Dollar Remains Strong, but for How Much Longer?
The US Dollar finished the week near decade-plus highs versus the Euro as it rallied against nearly all G10 counterparts.

Australian Dollar Forecast – Australian Dollar May Turn Lower on Jobs Data, China Growth Slump
The Australian Dollar appears vulnerable to renewed weakness as soft jobs data and a slump in Chinese GDP growth stoke RBA interest rate cut speculation.

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US Dollar Forecast– Dollar Stumbles but will it Fall as Markets Debate Fed Hikes?
The Dow Jones FXCM Dollar Index (ticker = USDollar) dropped 1.1 percent this past week while the ICE Dollar Index tumbled 1.8 percent.

Japanese Yen Forecast – Japanese Yen Likely to test Major Levels on Key Week Ahead
The fundamental event risks lined up for the final full-week of April may heighten the appeal of the Yen and spark a further decline in USD/JPY as the Japanese economy gets on a firmer footing.

British Pound Forecast – British Pound Forecast to Trade Higher on Fundamental Strength
Impressive UK employment data helped push the British Pound sharply higher versus the US Dollar and other major counterparts, and the recent reversal in fortunes leaves us in favor of continued GBP gains through the foreseeable future.

Australian Dollar Forecast – Australian Dollar to Weigh 1Q CPI, China PMI as RBA Bets Evolve
The Australian Dollar is looking to first-quarter CPI data to support fading rate cut bets but soft Chinese news-flow may cap the currency’s upside potential.

Gold Forecast – 1173 Key Support in Focus as Gold Preserves Monthly Opening Range
Gold prices are softer for a second consecutive week with the precious metal off nearly 0.27% to trade at $1204 ahead of the New York close on Friday.

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US Dollar Forecast– Dollar Ready toReverse Should FOMC, GDP Give its Consent
The stage is set and the curtain is rising. The Dollar has wobbled these past weeks, but it hasn’t managed to turn its nine-month long bull trend.

Japanese Yen Forecast – Japanese Yen to Look Past BOJ Decision, Focus on Greece and FOMC
The Japanese Yen is likely to look beyond the BOJ policy announcement to focus on Greek funding matters and the outcome of the FOMC rate decision.

British Pound Forecast – British Pound Likely to Rally Further, but Watch these Two Key Risks
An important jump in interest rate expectations helped push the British Pound to fresh two-month highs versus the US Dollar.

Australian Dollar Forecast – AUD/USD to Eye March High on Less-Dovish RBA, Fed Delay
AUD/USD is likely to face increased volatility in the week ahead amid the key developments coming out of the U.S. economy.

Gold Forecast – Gold Plummets Alongside USD Ahead of FOMC – Support 1173
Gold prices fell for a third consecutive week with the precious metal off more than 2.17% to trade at 1177 ahead of the New York close on Friday.

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US Dollar Forecast– Dollar Technicals Say Bearish Reversal, Fundamentals Don’t Agree
This past week, the USDollar posted its first drop on a monthly basis in 10 consecutive months.

Japanese Yen Forecast – US Dollar May Finally Break Out versus Japanese Yen
The Japanese Yen finished the week notably lower versus the US Dollar but stuck to its long-standing trading range.

British Pound Forecast – GBP/USD Advances Fizzles Ahead of U.K. Election- 1.5000 on Radar
Headlines surrounding the U.K. election are likely produce increased volatility for GBP/USD, but the uncertainties clouding the fiscal outlook may only act as a near-term driver for the British Pound as the Bank of England (BoE) remains on course to normalize monetary policy.

Australian Dollar Forecast – Australian Dollar May Rise as RBA Disappoints Rate Hike Bets
The Australian Dollar may rise if the RBA decides not to cut interest rates its May meeting. Seemingly compelling evidence suggests they may opt to do just that.

Gold Forecast – Gold Marks Outside Weekly Candle on FOMC- 1165 in Focus Ahead of NFP
Gold prices fell to a 6-week low with the precious metal off by more than 0.50% to trade at $1172 ahead of the New York close on Friday.

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US Dollar Forecast– US Dollar Recovery Fighting Liquidity, Growth Headwinds
There is little doubt in the market consensus that the Fed will be the first major central bank to hike rates, and that will maintain a long-term bid for the Dollar.

Japanese Yen Forecast – USDJPY Stands at 2015 High With Fed and BoJ Policy in the Forefront
The near-term breakout in USD/JPY raises the risk for a run at the 2015 high (122.01).

Australian Dollar Forecast – Australian Dollar Recovery May Resume After US-Linked Interlude
The Australian Dollar may resume its recovery after a brief interlude amid jitters preceding key US economic news-flow last week.

Gold Forecast – Gold Outlook Remains Supportive Above 1200- All Eyes on FOMC, GDP
Gold prices are softer going into the final full week of May, with the precious metal off by more than 1.5% to trade at 1203 ahead of the New York close on Friday.


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US Dollar Breakout Velocity Rests with Fed’s Liftoff Outlook after NFPs
Though the USDollar cooled its pace modestly from the strongest weekly advance in two years, the currency nevertheless put in for another impressive advance.

GBP/USD Carves Bearish Pattern Ahead of BoE Interest Rate Decision
GBP/USD remainsat risk of facing a further decline in the week ahead should the fundamental developments coming out of the U.K. & U.S. heighten bets of seeing the Federal Reserve normalize monetary policy ahead of the Bank of England (BoE).

Japanese Yen Stumbles, but is a USDJPY Rally Above ¥124 Justified?
The Japanese Yen finally broke out of its long-standing range versus the US Dollar and fell to decade-plus lows. Momentum clearly favors further US Dollar gains and Yen losses, but key US event risk and a planned speech from the Bank of Japan offer the potential for volatility in the week ahead.

Australian Dollar Volatility Ahead on RBA, China PMI and US Jobs Data
The Australian Dollar is bracing for a volatile week ahead, with the RBA in focus domestically while Chinese and US news-flow threatens to deliver external shocks.

Gold Range Carries Into June- Opening Range in Focus Ahead of NFP
Gold prices are lower for a second consecutive week with the precious metal off by more than 1.2% to trade at 1191 ahead of the New York close on Friday.

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US Dollar Post NFP-Rally Unlikely to Overtake 12-Year Highs
There is little denying NFPs fed rate speculation this past week. But with the June FOMC meeting not far away, conviction is difficult to secure.

GBP/USD Outlook Hinges on Race to Normalize Monetary Policy
The economic data prints coming out of the U.K. & U.S. should continue to drive GBP/USD volatility in the week ahead as market participants weigh the outlook for monetary policy.

Japanese Yen Remains a Sell Until this Changes
The Japanese Yen fell for the third-consecutive week and finished at decade-plus lows versus the US Dollaras traders sold aggressively into JPY declines. Current price momentum leaves us in favor of continuedUSD/JPY gains.

Gold at 11-Week Lows Post NFP, Risks Further Losses on US Optimism
Gold prices tumbled for a third consecutive week with precious metal off by another 1.8% to trade at $1169 ahead of the New York close on Friday.

Australian Dollar Bracing for Another Volatile Week Ahead
The Australian Dollar looks set for another volatile week as domestic and Chinese data fuels RBA policy speculation while risk appetite trends remain in flux.

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