A few major themes have seemingly come to a close (rapid Yuan devaluation and Greece crisis) and now new ones will step in (rate speculation and commodities).
Dollar Looks for Fed Move as Major Counterparts Gain Ground
The ‘Summer Lull’ doesn’t do the US Dollar any favors. As a favored haven currency, the reduced volatility – and thereby risk – curbs its innate demand.
USDJPY to Take Cues From Japan 2Q GDP, U.S. CPI Report
The fundamental developments due out next week may spur a near-term advance in USD/JPY as Japan’s 2Q Gross Domestic Product (GDP) report is anticipated.
British Pound Likely to Stick to Tight Range but Watch Key Data
A substantial breakout seems unlikely as traders tread softly in the month of August but watch significant UK CPI and Retail Sales for surprises.
Australian Dollar Bounce May Be Stymied by Outside Forces Yet Again
The Australian Dollar may be stymied in its ability to capitalize on an improving monetary policy outlook by external forces yet again.
Gold Relief Rally at Risk on Sticky US Inflation – 1145 Key Resistance
Gold prices are markedly higher after a seven week losing streak with the precious metal up 1.8% to trade at 1114 ahead of the New York close on Friday
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Source: Daily fx