Though the ECB decided to snuff speculation of a full QE upgrade at its meeting this past week, strong NFPs made sure to drive EURUSD to historic support. Will the definitive stroke in the Dollar’s rally come this week?
US Dollar Forecast– Dollar on the Verge of Major EURUSD Break After NFP-Led Rally
The US Dollar has dominated the FX market in the second half of 2014.
Japanese Yen Forecast – Yen to Look Past Japan Election with US Policy, Seasonal Forces Key
Domestic developments remain largely an afterthought for the Japanese Yen even as the December 14 snap election looms ahead.
British Pound Forecast – GBP/USD Downside in Focus on Fed Expectations, Bearish RSI Momentum
GBP/USD slipped to a fresh monthly low of 1.5568 as U.S. Non-Farm Payrolls marked the largest advance since January 2012.
Gold Forecast – Gold Outlook Undermined by Steller NFPs, Strong USD
Despite the ‘No’ vote on the Swiss Referendum, Gold prices are higher this week with the yellow metal rallying more than 1.9% to trade at $1189 ahead of the New York close on Friday.
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Source: Daily fx