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US Dollar Forecast– Dollar Faces Speculation, Risk Trends, Central Bank Moves
The Dollar received a jolt of volatility this past week in a rally that followed the CPI inflation report, but the currency was unable to escape the bounds of a month-long range.
Japanese Yen Forecast – US Dollar Likely to Reverse versus Japanese Yen in Week Ahead
The Japanese Yen traded lower versus the US Dollar for the third week in four and left the USDJPY exchange rate near the key ¥120 level. Why might the week ahead finally bring a major breakout?
British Pound Forecast – GBP/USD Stalls at Key Juncture – Outlook Hinges on BoE, NFP
The Bank of England’s (BoE) March 5 interest rate decision may have a limited impact on GBP/USD as the central bank is widely anticipated to retain its current policy, but the fundamental developments coming out of the U.K. may continue to boost the appeal of the sterling should the data prints highlight an improved outlook for growth and inflation.
Australian Dollar Forecast – Australian Dollar Looks to RBA Rate Decision to Break Deadlock
The Australian Dollar is looking to the RBA monetary policy announcement to break prices out of congestion following four weeks of deadlock.
Gold Forecast – Gold 1195 Support Remains Paramount Ahead of March Opening Range, NFP
Gold prices snapped a four week losing streak with the precious metal rallying 1.27% to trade at $1216 ahead of the New York close on Friday.
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Source: Daily fx