We are coming off a holiday trading week, and December is know as the best month historically for capital market returns. However, fear and monetary policy may mean different trends and volatility levels than seasonal norms suggest.
US Dollar Forecast– Dollar Ready to Take Advantage of Market Unease But Rates at Risk
Like the US equities, the US Dollar reached to for a fresh high to close out this past week.
Japanese Yen Forecast – Yen May Turn as US Data Outcomes Amplify Year-End Capital Flows
The Japanese Yen may rebound from six-year lows as US economic data outcomes fuel Fed rate hike bets, amplifying risk aversion triggered by year-end capital flows.
British Pound Forecast – British Pound Looks to Key Data as it Nears Significant Low
The British Pound finished lower for the sixth-consecutive trading week versus the US Dollar, and a busy week of economic event risk ahead points to GBP volatility and potential losses.
Australian Dollar Forecast – AUD Exposed To Further Declines As Yield Advantage Erodes
The Australian Dollar plunged to a fresh 2014 low against its US counterpart during the week as volatility levels rose and its yield advantage detiorated.
Sign up for a free trial of DailyFX-Plus to have access to Trading Q&A’s, educational webinars, updated speculative positioning measures, trading signals and much more!
Want to develop a more in-depth knowledge on the market and strategies? Check out the DailyFX Trading Guides we have produced on a range of topics.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.Learn forex trading with a free practice account and trading charts from FXCM.
Source: Daily fx
