US Dollar Forecast – US Dollar Traders Weigh Taper, ECB and BoJ Stimulus Plans
We are in the midst of another stimulus war, and this time the dollar may be one of the better positioned combatants.
British Pound Forecast – Bearish GBP Momentum Falters- 1.63 in Focus Going Into BoE Minutes
The British Pound climbed to a fresh monthly high of 1.6134, with the GBPUSD continuing to close above the 1.5900 handle, and the sterling may continue to track higher next week should the Bank of England (BoE) Minutes highlight a greater willingness to implement the exit strategy ahead of schedule.
Gold Forecast – Is the Gold Rebound Over? Techs Suggest No, FOMC to Confirm
Gold prices snapped a two week losing streak with the yellow metal up a fractional 0.02% ahead of the of New York close on Friday.
Australia Dollar Forecast – Aussie Dollar Focused on China Growth Bets, Fed Taper Outlook
The Australian Dollar remains driven by external forces, with Chinese economic growth expectations and Federal Reserve policy bets dominating the spotlight.
Japanese Yen – Perfect Storm for Japanese Yen Weakness
The Japanese Yen broke major support versus the US Dollar as the Nikkei 225 broke sharply higher.
How does a Currency War affect your FX trading?
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
