A monetary policy announcement from the Federal Reserve is set to dominate price action across markets in the week ahead.
Euro Forecast- Euro ‘Funding-Currency’ Status at Risk on Hawkish Fed Outlook
The Federal Reserve’s September 17 interest rate decision may heavily impact the near to medium-term outlook for EUR/USD especially as the European Central Bank (ECB) shows a greater willingness to further embark on its easing cycle.
British Pound Forecast- British Inflation Could Bring a New Trend to the Pound
Rate expectations in the United Kingdom have been on a similar, albeit more consistent rollercoaster as that of their American trading partners.
Japanese Yen Forecast- JPY Bears Rejoice on BoJ Advisor’s QE Recommendation
The following headlines caused JPY bears to rejoice this week and were a key reason the JPY ended the week weaker against AUD & EUR by ~3.75% and ~2.95% respectively.
Gold Forecast- Gold Sell-Off Approaches Familiar Territory – FOMC to Pave the Way
Gold prices are weaker for a third consecutive week with the precious metal off by 1.5% to trade at 1104 ahead of the New York close on Friday.
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Source: Daily fx