Euro Forecast – Euro Needs Signs of Continued Economic Recovery Before Next Rally
The Euro had a mixed week as US fiscal headlines were the main focus of price action across asset classes around the globe.
British Pound Forecast – British Pound to Face Limited Correction on Stronger U.K. Recovery
The British Pound struggled to maintain the bullish trend dating back to July even as the Bank of England (BoE) retained its current policy at the October meeting, but the sterling may trade on a firmer footing next week should the fundamental developments coming out of the U.K. encourage the central bank to implement its exit strategy ahead of scheduled.
GOLD Forecast – Gold at Risk for Further Losses Amid Imminent U.S. DebtDeal
Gold prices plummeted 3.21% this week with the precious metal trading at $1268 ahead of the New York close on Friday.
Australian Dollar Forecast – Australian Dollar Strength Challenged by China Data, US Impasse
The Australian Dollar’s recovery faces an important challenge from key Chinese economic data while the budget impasse in the US threatens to unleash risk aversion.
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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
