Technical Forecasts

US Dollar Up or Down? That’s the Question Next Week May Answer
US Dollar fell across the board but FOMC meeting next week promises big moves for USD pairs.

Australian Dollar May Drop as Fed Hints at Sooner Interest Rate Hike
External risk may dominate the Australian Dollar spotlight in the week ahead

Gold Range at Risk on Bets for Fed Liftoff-Resistance at 1200
All eyes on FED next week with FOMC policy decision, which may alter Gold range

USD/JPY Risks Larger Pullback on Fed/BoJ Policy Shift
FOMC and BoJ interest rate decisions are likely to heavily impact USD/JPY pair


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US Dollar Ready to Turn to Haven or Feed on FOMC Rate View
While there may be a lot of volatility for the Dollar moving forward, the medium-term fundamentals carry a positive slant whether general market conditions improve or deteriorate.

Japanese Yen Unlikely to Break Out Until Greece Moves
The Japanese Yen finished the week modestly higher versus the recently-downtrodden US Dollar, but the lack of a clear breakthrough from a highly-anticipated US Federal Reserve meeting and a lackluster Bank of Japan decision give few clues on next steps for the USD/JPY.

GBP/USD Rally to Accelerate on Tighten Race Between BoE & FOMC
The near-term advance in GBP/USD may gather pace in the days ahead should the fundamental developments coming out of the world’s largest economy fuel bets for a further delay in the Fed’s normalization cycle.

AUD Australian Dollar to Track Risk Trends with US Data, Greece in Focus
A quiet economic calendar on the domestic front in the week ahead is likely to see the Australian Dollar looking to external catalysts for direction cues. Continued speculation about the direction of Fed monetary policy following last week’s FOMC meeting and on-going Greek funding negotiations are likely to be in the spotlight.

Gold Pops as Dollar Flops- Breakout Eyes 1205 Resistance Ahead of PCE
Gold prices are higher for a second consecutive week with the precious metal up 1.85% to trade at $1203 ahead of the New York close on Friday. The advance comes amid sharp declines in the greenback with the Dow Jones FXCM U.S. Dollar Index (Ticker: USDOLLAR) down 0.71% on the week following the FOMC’s June 17 interest rate decision.





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Greek Negotiations Take Sharp Turn for Worse, US Dollar set to Rally
Whether or not the USD can continue its recent streak will almost certainly depend on the outcome of ongoing Greek negotiations and highly-anticipated US labor market data.

Australian Dollar Looks to Greece News, US Jobs Data for Direction
The Australian Dollar is likely to fall in with sentiment trends as Greece debt negotiations and US economic data drive market-wide risk appetite.

Stronger UK Recovery to Fuel Bullish GBP Outlook – BoE Hike in August?
The fundamental developments coming out of the U.K. economy may spark another near term rally

Gold Preserves June Range- Watch Greece, U.S. NFP Report for Cues
Gold prices plummeted this week with the precious metal down 2.2%



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US Dollar Looks to Volatility, Euro, Yellen to Forge Break
The Dollar may have closed the past week with a gain, but it certainly wasn’t showing the kind of bullish conviction that would project a lasting move. Indecision is likely to give way to a decisive move in the week ahead.

Australian Dollar Eyes Greece, Yellen Testimony for Direction Cues
The Australian Dollar is looking to last-ditch Greek debt deal negotiations and testimony from Fed Chair Janet Yellen for direction clues.

GBP to Face Larger Advance on Hawkish BoE, Stronger UK Wage Growth
The narrowing risk for a Euro-Zone breakup paired with signs of a stronger U.K. recovery should heighten the appeal of the British Pound

Gold Flirts with Breakdown Support – Outlook Mired by Macro Concerns
Gold prices plummeted this week with the precious metal down 2.2% to trade at 1174 ahead of the New York close on Friday

Japanese Yen Reverses Sharply, but Rally May not be Over Yet
The Japanese Yen finished the week nearly unchanged as an early-week surge gave way to similarly dramatic late week reversal




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US Dollar Nears 12 Year High But It May Wait for FOMC’s Okay
The US Dollar advanced for the fourth straight week – a feat we haven’t seen accomplished since January when the currency was still in the midst of its strongest move in decades.

Bearish EUR/USD Outlook to Gain Traction on Europe’s Fragile Recovery
Headlines surround the Greek saga may continue impact the Euro in the week ahead, but the dovish forward-guidance laid out by the European Central Bank (ECB) may fuel a further decline in EUR/USD as President Mario Draghi pledges to ‘fully implement’ the quantitative easing (QE) program.

British Pound Looks Like a Buy, but at What Price and When?
The British Pound surged and finished as top-performing G10 currency through Friday’s close, but a late-week US Dollar rebound suggests that the next GBP/USD move could actually be lower despite broader Sterling gains.

Gold Dives to Fresh Yearly Lows on Fed, Strong USD- 1100 in View
Gold prices are sharply lower for a fourth consecutive week with the precious metal off by more than 2.6% to trade at $1331 ahead of the New York close on Friday.

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US Dollar Impasse Will be Broken by FOMC Meeting and GDP Update
How confident is the FOMC about its outlook for interest rates? Despite their rhetoric and clear predictions from the June forecasts, the market remains skeptical that that will be able to deliver a rate hike this year – much less two.

Gold Plummets for 5th Consecutive Week – Price at Support Ahead of Fed[/URL]
Gold prices plummeted for a fifth consecutive week with the precious metal down nearly 4.3% to trade at 1085 ahead of the New York close on Friday.

Bearish AUD/USD Outlook to Gather Pace on RBA/Fed Policy Divergence[/URL]
AUD/USD slipped to a fresh 2015 low (.7259) as Australia faces a greater risk of losing its AAA credit-rating. Here’s what to watch.

Bearish Pound Enters a Critical 10 Days – Can it Continue Higher?[/URL]
A big week of both UK and US economic event risk nonetheless points to bigger GBP/USD moves in the days ahead

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Dollar Faces a Technical Breakout In Summer Trading Conditions
On the one hand, the US Dollar is in a position that is prone to volatility and thereafter a break. On the other, it is lacking for decisive fundamental catalysts and is dealing with the lassitude of summer trading conditions.

Strong US Sales, Consumer Confidence to Validate USD/JPY Breakout
Positive data prints from the world’s largest economy may prop up USD/JPY in the weak ahead. Here’s what to watch.

British Pound is Down but Not Out – Watch Key Labor Figures
A key disappointment from a highly-anticipated Bank of England policy meeting pushed the British Pound to fresh monthly lows versus the US Dollar

Australian Dollar Facing Few Hurdles to Continued Recovery
The Australian Dollar sees relatively few hurdles to continued recovery after last week’s news-flow delivered support from the domestic and external fronts.

Gold Losses Tempered as August Opening Range Holds Above Key Support
Gold prices are softer for a seventh consecutive week with the precious metal off by just 0.10% to trade at 1094 ahead of the New York close on Friday


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Dollar Looks for Fed Move as Major Counterparts Gain Ground
The ‘Summer Lull’ doesn’t do the US Dollar any favors. As a favored haven currency, the reduced volatility - and thereby risk - curbs its innate demand.

USDJPY to Take Cues From Japan 2Q GDP, U.S. CPI Report
The fundamental developments due out next week may spur a near-term advance in USD/JPY as Japan’s 2Q Gross Domestic Product (GDP) report is anticipated.

British Pound Likely to Stick to Tight Range but Watch Key Data
A substantial breakout seems unlikely as traders tread softly in the month of August but watch significant UK CPI and Retail Sales for surprises.

Australian Dollar Bounce May Be Stymied by Outside Forces Yet Again
The Australian Dollar may be stymied in its ability to capitalize on an improving monetary policy outlook by external forces yet again.

Gold Relief Rally at Risk on Sticky US Inflation – 1145 Key Resistance
Gold prices are markedly higher after a seven week losing streak with the precious metal up 1.8% to trade at 1114 ahead of the New York close on Friday

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Dollar Drops Alongside Stocks but Haven Bid Can Come Roaring Back
The S&P 500 closed its biggest one-week sell off in four years. That’s what makes the Dollar’s biggest retreat in nine-weeks over the same period so remarkable. Isn’t the US Dollar the world’s most renowned reserve currency, liquidity store and safe haven? Shouldn’t it rally at the first hint of fear?

Euro Should have Fallen but Didn’t. What Gives and What’s Next?
An unexpectedly active week for financial markets sent the Euro sharply higher versus the suddenly-downtrodden US Dollar, but why did it rally? And more importantly, does it have the momentum to test and break above critical resistance levels ahead?

Narrowing Race Between BoE/Fed to Fuel GBP/USD Breakout
The near-term breakout in GBP/USD may gather pace during the last full-week of August should the key speeches by central officials point to a tightening race between the Bank of England (BoE) and the Federal Reserve to normalize monetary policy.

Yen Gains on Global Flight-to-Quality, Pressure Moving Towards BOJ
The Japanese Yen put in an outsized gain on the week as risk aversion around-the-world gripped through financial markets.

Australian Dollar to Filter Risk Trends Impact Through RBA Rhetoric
The Australian Dollar is looking to filter the influence of risk trends through RBA rhetoric to gauge if the market-wide selloff will inspire interest rate cuts.

Gold Soars as Stocks Sour – Rally at Risk on Upbeat Fed, US GDP
Gold prices surged for a second consecutive week with the precious metal rallying 3.5% to trade at 1153 head of the New York close on Friday. The advance comes amid the largest decline in equity markets seen in nearly 4 years...


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US Dollar Forecast – US Dollar Volatility Near-Guaranteed, but Which Direction?
It was a difficult week for traders as the initial US Dollar breakdown left many looking for further losses.

Euro Forecast – EUR/USD August Advance to Unravel Further on Dovish ECB, Upbeat
The sharp pullback in EUR/USD may gather pace in the week ahead should the European Central Bank (ECB) signal a further expansion of monetary policy, while another 200K+ U.S.

British Pound – Sterling Runs into Support as Carney Takes the Stage at Jackson Hole
The British Pound was caught up in the rollercoaster risk-off/risk-on ride of the week in a very similar manner as the Euro and Japanese Yen; albeit with more subdued price action.

Japanese Yen Forecast – JPY Bulls Brace for BOJs Next Bailout
JPY saw its biggest rally vs. the USD since 2009 throughout this week’s early market turmoil.

Australian Dollar Forecast – Australian Dollar at Risk on RBA, Rebuilding Fed Rate Hike Bets
The Australian Dollar looks vulnerable to deeper losses in the week ahead as Fed rate hike bets rebuild while RBA rhetoric takes a dovish turn.

Gold Forecast – Gold Reverses as Fed Expectations Rebound – US NFP to Clear the Way
Gold prices plummeted this week with the precious metal off by more than 2% to trade at 1137 ahead of the New York close on Friday.


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