US Dollar Rally Might Run out of Steam Unless this Changes
The US Dollar finally showed signs of life as a surprisingly-upbeat Federal Reserve sent it sharply higher versus major counterparts. Yet key headwinds remain, and a number of factors suggest that buying USD makes little sense at these levels.
Yen Crosses at Risk of Collapse – Particularly Should Risk Trends Shift
Half of the most liquid Yen crosses closed out this past week in the green. Though, that should provide long-term bulls little relief. So far in 2014, this once high-flying group is under water.
British Pound Risks Further Losses on Slowing U.K. CPI – 1.6400 Remains Critical
The British Pound may face a larger correction in the week ahead as the headline reading for U.K. inflation is expected to narrow to an annualized 1.7% in February.
Gold Reverses March Rally on Upbeat Fed – Bearish Sub $1357
Gold saw the largest weekly decline in four months this week with the precious metal off by more than 3.4% to trade at $1335 ahead of the new York close on Friday.
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Source: Daily fx
