Though there are fewer high-profile indicators on tap this week, a range of deeper fundamental currents are set to ignite volatility and perhaps even turn trends.
US Dollar Forecast– Dollar Climb is Sputtering as Counterparts Raise the Stakes
The Dollar’s relative fundamental appeal is strong. Backed by a pace-setting rate forecast, a comparatively-robust growth outlook and a market depth that can offer a buffer in case clouds gather; there is considerable appeal.
Japanese Yen Forecast – Japanese Yen Risks Larger Correction on Strong GDP, Less Dovish BoJ
Japan’s 4Q Gross Domestic Product (GDP) report may heighten the appeal of the Yen and encourage the Bank of Japan (BoJ) to soften its dovish tone for monetary policy as the region is expected to return to growth during the last three-months of 2014.
British Pound Forecast – British Pound Rebound at Risk on Greek Debt Talks, UK Inflation Data
The British Pound will face challenges to its nascent recovery Greek debt negotiations and UK inflation data capture the spotlight in the week ahead.
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Source: Daily fx