With event risk like US non-farm payrolls, Chinese Manufacturing PMI and rate decisions from the ECB, BoE and Fed, this week is sure to be volatile in FX markets. Here’s what we are looking at.
Dollar Will Reengage Taper Speculation with FOMC, GDP and NFPs!
The Dow Jones FXCM Dollar Index (ticker = USDollar) dropped for a third consecutive week through this past Friday as volatility leveled off and ‘Taper’ concerns eased during a lull in the economic docket…
Yen on the Verge of Huge Moves ahead of Fed, but Which Direction?
The Japanese Yen surged against the US Dollar (ticker: USDOLLAR) and took top spot among all G10 forex counterparts on an important week for Japan’s economic data…
British Pound Rally to Accelerate on Stronger Recovery, Unanimous BoE
The British Pound continued to pare the decline from earlier this year, with the GBPUSD pushing to a fresh monthly high of 1.5433, and the sterling looks poised to appreciate further next week as the Bank of England (BoE) appears to be slowly moving away from its easing cycle…
Gold Rebound Stalls Ahead of Resistance- Forecast Hinges on FOMC, NFP
Gold prices are markedly higher at the close of trade this week with the precious metal rallying 2.87% to trade at $1332 at the close of trade in New York on Friday…
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Source: Daily fx
