Weekly Trading Forecast: Dollar Attempts a Recovery as Euro, Pound and Yen Stumble

Weekly Trading Forecast: Dollar Attempts a Recovery as Euro, Pound and Yen Stumble

28 February 2016, 22:39
Mohammed Abdulwadud Soubra
0
619

Weekly Trading Forecast: Dollar Attempts a Recovery as Euro, Pound and Yen Stumble


This article has expired  ... Please wait the new one ...

Risk trends have improved and so too has the Dollar's position. Amid NFPs, the G20 rehash of risks, Brexit and other high-profile themes; expect volatility moving forward.

US Dollar Forecast – Dollar Gains as Market Chews Rate Expectations with NFPs Ahead

This past week’s USDollar rally marked the currency’s best performance since November’s dramatic break to 12-year highs – a move that proved a quick exhaustion.

British Pound Forecast – Brexit to Dominate Headlines, GBP Price Action

What a difference a week can make: Near market close last Friday, news had just begun to circulate that Mr. David Cameron had struck a deal with European leadership that could allow for British leadership to lobby for an ‘in’ vote in the upcoming Brexit referendum.

Japanese Yen Forecast -Japanese Yen Forecast to Gain until Status Quo Changes

The Japanese Yen rallied for the fourth-consecutive week versus theEuroandBritish Pound, but a week of strong US economic data and disappointments out of Japan helped theUSD/JPYexchange rate break its recent losing streak.

Canadian Dollar Forecast – Bank of Canada Expectations Ushers CAD To Top Spot in G10

Many market participants have been trained to look at Oil any time the Canadian Dollar moves.

Australian Dollar Forecast – Aussie Dollar Faces Perfect Storm of Domestic, External Pressure

The Australian Dollar may succumb to heavy selling pressure as prices face a perfect storm of high-profile domestic and external event risk.

Chinese Yuan Forecast – Yuan a Key Topic at Chinese Annual Conferences

Both onshore Yuan (CNY) and offshore Yuan (CNH) rates moved little this week; both closed slightly lower against the US Dollar on Friday.

Gold Forecast – Gold Consolidation Break to Clear the Way Ahead of NFPs

Gold prices slid for a second consecutive week with the precious metal off just 0.2% to trade at 1224 ahead of the New York close on Friday.