The Dollar’s rally grows more remarkable with each week…at the same time that it grows more difficult to believe.There is no denying its bullish bearing.
British Pound Forecast - British Pound Selling to Continue on Static BOE, Hawkish FOMC Minutes
The British Pound is vulnerable to continued selling as a status-quo BOE policy announcement and hawkish FOMC minutes erode the UK unit’s yield appeal.
Japanese Yen Forecast – Japanese Yen Likely to Correct Sharply Higher, but When?
The Japanese Yen fell to fresh post-financial crisis lows versus the
surging US Dollar, but a clear slowdown the USDJPY rally warns that it’s
near an end.
New Zealand Dollar Forecast - NZD/USD Holds September Low Ahead of China PMI’s, Fed Doves
The medium-term outlook for the NZD/USD remains bearish as the Reserve
Bank of New Zealand (RBNZ) sticks to a neutral policy stance and
retains the verbal intervention on the New Zealand dollar, but the pair
may face a larger correction in the days ahead should the fresh back of
central bank rhetoric coming out of the Federal Reserve drag on interest
rate expectations.
Australian Dollar Forecast - AUD Hangs Hopes On US Dollar Exhaustion Amid Status-Quo RBA Bets
The Australian Dollar faces an uninspiring fundamental backdrop over
the coming week, which leaves recovery hopes to hang on weakness for its
US namesake.
Gold Forecast - Gold Eyes 2013 Lows Post NFPs- Fed Minutes in Focus
Gold prices are markedly lower this week with the precious metal off
by more than 2.1% to trade at $1191 ahead of the New York close on
Friday.