US Dollar Forecast – US Dollar Needs S&P 500 Volatility to Leverage a Rally
The Dow Jones FXCM Dollar Index (ticker = USDollar) rose every day of the past trading week. We haven’t seen a five consecutive day advance from this benchmark since the run through November 1 – notably the beginning of an impressive bull run for the greenback.
British Pound Forecast – British Pound May Fall Further on Big Week Ahead
The British Pound went from market leader to laggard, falling for five-consecutive trading days just after setting fresh multi-year highs the week before.
Australian Dollar Forecast – Australian Dollar May Weaken Further on Renewed Risk Aversion
The Australian Dollar declined as expected last week and we continue to hold a short AUD/USD position from 0.90, looking for further weakness.
Gold Forecast – Is the Gold Rally Over? $1338 in Focus Ahead of Key US Data
Gold prices nudged higher this week with the precious metal advancing 0.25% to trade at $1322 ahead of the New York close on Friday.
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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
