Currency markets look set for a volatile week ahead as Fed policy speculation heats up with the release of Augusts’ FOMC minutes and the Jackson Hole Symposium.
Euro Fails to Gain Despite Improved GDP – Will PMIs Revive Optimism?
The Euro continues to enjoy a swell of better than expected economic data, yet signs of a nascent recovery across the world’s largest single market have yet to fuel an uptick in the currency. Is the lack of a bullish response by the Euro concerning? We think so.
Yen to Face Growth Concerns – Will the BoJ Halt the Bullish Trend?
The Japanese Yen slipped this past week as concerns over ‘Abenomics’ and tax policy heated up as the world’s third-largest country’s debt level jumped past ¥1 quadrillion (roughly $10.3 trillion). Will a new sales tax hurt the Japanese recovery, and if so, what does that mean for the Yen?
Gold Surpasses July High as Stocks Retreat – What’s Next?
Gold surged on Thursday amid a mini-US Dollar crash. With concerns over the Fed’s QE3 taper at an inflection point, we find that Gold might consolidate after such a strong short-term reversal.
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Source: Daily fx
