The Dollar surged this week on a strongly better-than-forecast Nonfarm Payrolls report. Can next week’s FOMC Minutes, Chinese economic data, and Bank of Japan meeting keep the US Dollar rally alive?
Why’s the Japanese Yen So Weak? One Reason it Could Fall Further
The Japanese Yen tumbled against the US Dollar as a sharply better-than-expected US Nonfarm Payrolls report pushed the Greenback’s yield advantage versus the JPY to its largest in 2 years…
Euro Hurt by Shift in ECB Policy, Bearish Fundamental Pressures Turned Up
The ECB’s new policy tool bodes poorly for the single currency…
British Pound Holds Key Support- Lacks Direction Ahead of BoE Minutes
The British Pound nearly gave back the rebound from March (1.4830) as the Bank of England (BoE) struck a rather dovish tone for monetary policy, but the sterling may regain its footing next week as the fundamental developments coming out of the U.K. are expected to highlight an improved outlook for growth…
Gold Trades Heavy on Strong NFPs – $1181 Still Key Support
Gold prices were lower this week with the precious metal off by 1.59% to trade at $1215 at the close of trade in New York on Friday…
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Source: Daily fx