US Dollar Forecast – US Dollar Plummets on Fed, but Here’s Why it Might not Fall Further
The US Dollar plummeted against the Euro and other major FX counterparts as the US Federal Reserve disappointed those looking for it to “Taper” its Quantitative Easing policies, but is it enough to drive the Greenback to further lows?
Gold Forecast – Gold Snaps 3-Week Losing Streak on FOMC- To Trade or Fade?
Gold was firmer this week after the Fed pledged to maintain current policy. Is the decision to hold off on tapering enough to reverse the decline seen off the August highs?
Japanese Yen Forecast – Yen Would Benefit from Softer US Yields, but FOMC Turned Risk “On”
The Japanese Yen was a bottom performer over the past week, losing ground quickly from Wednesday forward after the Federal Reserve surprised investors by keeping QE3 in place at its current $85B/month pace.
British Pound Forecast – Pound to Face Limited Correction Amid Shift in BoE Policy Outlook
The British Pound extended the advance from earlier this month as the Bank of England (BoE) struck a more hawkish tone for monetary policy…
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Written by the DailyFX Research Team. To sign up for a weekly e-mail with our currency outlooks, go to our page for forex news delivered to your inbox.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.Learn forex trading with a free practice account and trading charts from FXCM.
Source: Daily fx
