US Dollar Rally at Clear Risk as Key Events May Disappoint

The US Dollar rally showed signs of slowing as the DJ FXCM Dollar Index failed to hold multi-month highs. Traders look to a critical European Central Bank decision and US Nonfarm Payrolls report to decide direction in Dollar pairs through the week ahead.

Traders Betting Big on Euro Losses, but Caution Warranted Ahead

The Euro showed signs of life as it bounced off of fresh multi-month lows and ended a three-week losing streak. Yet traders await a critical European Central Bank interest rate decision to drive volatility in the week ahead.

GBP/USD Carves High Low in May – BoE Dissent Favors Bullish Outlook

The GBP/USD looks poised to resume the bullish trend carried over from the previous year as the Bank of England (BoE) shows a greater willingness to normalize monetary policy sooner rather than later.

Australian Dollar to Look Past RBA, Focus on Key US Data

On the domestic front, the spotlight is on a policy announcement from the Reserve Bank of Australia. The central bank is expected to keep the benchmark lending rate unchanged at 2.50 percent.

Gold Fun Points to New Lows in June – Bearish Sub 1270

Gold prices are virtually unchanged on the week with prices off by a mere 0.1% to trade at $1291 ahead of the New York close on Friday.

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Source: Daily fx