Monetary policy has proven the Forex market’s top driver the past six months. That puts this week’s NFPs a market-forecasted RBA rate cut in the spotlight.
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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Source: Daily fx
