USDollar has topped five-year highs, EURUSD has within reach of breaking a decade long range and USDJPY recovered half of a 15-year decline in two years. Can the FX market extend these incredible moves?
US Dollar Forecast- Dollar Climbs to Five Year High as Yields and FX Volatility Rebound
Many of the ‘majors’ pushed multi-month or year extremes in favor of the Greenback, and the Dow Jones FXCM Dollar Index (ticker = USDollar) powered to a five-year high this past week.
British Pound Forecast – GBP/USD to Face Further Losses on Dovish BoE Inflation Report
GBP/USD may face increased volatility next week as U.K. wage growth is projected to uptick in September, while the Bank of England (BoE) is widely expected to retain a cautious outlook for the region.
Japanese Yen Forecast – Japanese Yen Eyes Global Growth Trends as Dust Settles on BOJ Action
The Japanese Yen may recover from six-year lows as global slowdown fears fuel risk aversion, triggering liquidation of carry trades funded in the low-yielding unit.
Australian Dollar Forecast – AUD Remains At Risk After Breaching Key Barrier Amid Volatility Spike
The AUD may be exposed to further weakness following a crash through key support as surging expectations for FX market volatility detract from its yield appeal.
Gold Forecast – Gold Posts Outside Reversal- NFP Rebound Mired by Growth Concerns
Gold prices were softer this week with the precious metal off by a mere 0.10% to trade at $1171 ahead of the New York close on Friday.
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Source: Daily fx
