US Dollar Forecast – US Dollar Attempts Major Reversal as Taper, Risk Debate Heats Up
The dollar finished the week higher against nearly all of its major counterparts with particularly impressive performances from EURUSD and USDJPY.
Australian Dollar Forecast – Australian Dollar Looks to China Plenum to Inform RBA Outlook
The Australian Dollar is looking to economic reforms set to emerge out of China’s third Plenum to guide domestic growth and RBA policy expectations.
Japanese Yen Forecast – Is the USD/JPY Finally Ready to Break Higher?
The Japanese Yen finished the week almost exactly where it began, but an impressive Dollar surge leaves the USDJPY exchange rate at major technical levels.
British Pound Forecast – Pound Range at Risk on Hawkish BoE Inflation Report- 1.6300 in Focus
The British Pound may continue to track sideways next week as it retains the range-bound price action carried over from the previous month, but the Bank of England’s (BoE) Inflation Report may ultimately spark a more meaningful run at the 1.6300 handle should the central bank show a greater willingness to implement it exit strategy ahead of schedule.
Gold Forecast – Gold Eyes Key Support as Blowout GDP/NFPs Fuel USD Rally
Gold prices plummeted again this week with the precious metal off by nearly 2.3% to trade at $1285 ahead of the New York close on Friday.
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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
