A strong rally from US equities matched the intensity of the Dollar's slide this past week. Has the financial market turned a corner for risk and the majors?
US Dollar Forecast – US Dollar Risks Major Bearish Reversal after Worst Drop in 4 Months
The Dollar suffered its worst stumble in four months this past week and technical traders recognize the unstable ground the currency currently stands on.
British Pound Forecast – BoE Strikes Cautious Tone on Global Growth Concerns
The British Pound continues to trade with a mean-reversion tendency as prognostications around future rate hikes are becoming even more complex given the headwinds being seen by the global economy.
Japanese Yen Forecast – USD/JPY Breakout on Sticky U.S. Inflation, Upbeat Fed
The range-bound price action in USD/JPY may persist next week as the Bank of Japan (BoJ) continues to endorse a wait-and-see approach, but the fresh developments coming out of the world's largest economy may trigger a topside break in the exchange rate should the data prints boost bets for a 2015 Fed rate hike.
Australian Dollar Forecast – Australian Dollar Rally May Stall on Jobs Data, US Inflation Uptick
The Australian Dollar's impressive recovery may stall as soft jobs data fuels RBA rate cut bets while an uptick in US inflation rekindles Fed tightening speculation.
Gold Forecast – Gold Prices Pivot Into Resistance- Breakout Potential on Dismal CPI
Gold prices are firmer this week with the precious metal up 1.44% to trade at 1154 ahead of the New York close on Friday.
