The FX market’s best performing currency took a fundamental hit this past week which may turn into a speculative blow when liquidity returns.
US Dollar Forecast– Dollar Risk of Correction as Speculative Appetite Wavers
There is little doubt that the US Dollar maintains a fundamental advantage over most of its counterparts.
Japanese Yen Forecast – USD/JPY Retail Boosts Long Exposure; 118.20 in Focus Ahead of BoJ
The Bank of Japan (BoJ) interest rate decision may heighten the appeal of the Japanese Yen and spur a further decline in USD/JPY should Governor Haruhiko Kuroda continue to endorse a wait-and-see approach following the April 8 meeting.
British Pound Forecast– British Pound at Risk of Declines Given Political Uncertainty
The British Pound finished the week almost exactly where it began, first falling versus the US Dollar until a sharp USD sell-off sent the GBP/USD through key levels.
Australian Dollar Forecast – Australian Dollar Volatility Ahead as RBA Compounds External Threats
The Australian Dollar is likely set for a pickup in volatility as conflicting cues ahead of the RBA policy announcement compound tumult on the external front.
Gold Forecast – NFP Inspired USD Weakness to Benefit Gold – 1180 Key Support
Gold prices are higher for a third consecutive week with the precious metal advancing nearly 0.4% to trade at 1202 into the close.
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Source: Daily fx
