US Dollar Forecast – US Dollar Outlook Steady as Bulls Ready for Volatility, More Taper
The US Dollar generated an impressive run this past week, but does the climb to four-month highs imply a robust rally through the second half of January?
British Pound Forecast – British Pound Holds Key Support- Eyes 1.6600 Ahead of BoE Minutes
The British Pound appears to be coiling up for another run at the 1.6600 handle as the positive developments coming out of the U.K. economy raises the Bank of England’s (BoE) scope to normalize monetary policy ahead of schedule.
Japanese Yen Forecast – Japanese Yen Poised for Big Moves on Key Bank of Japan Decision
The Japanese Yen finished the week almost exactly where it began in a quiet week of trading.
Australian Dollar Forecast – Australian Dollar Hoping for a Correction After Dramatic Selloff
The Australian Dollar is hoping to find a lifeline amid innocuous data flow and a correction in pro-taper Fed policy speculation after last week’s bloodletting.
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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
