Weekly Trading Forecast: Systemic Changes Afoot for Risk, EURUSD, USDJPY?

Though still early yet, there have been some remarkable change in trend recently. Dollar is in retreat with the S&P 500 starting to slip. The Yen has surged while Gold has hit 15-month highs. Is something bigger stirring in the markets?

US Dollar Forecast – Dollar Struggles as Rate Disbelief Lingers, Euro and Yen Gain Ground

The Dollar dove to end this past week at its lowest level in 11 months. The extension of the currency’s slide from its 13-year high set back in late January (now down over 4.5 percent) was fueled by a distinct loss of traction in rate forecasts.

Euro Forecast - EUR/USD Showing Strength, But Data Still a Mixed Bag

The Euro just capped off a fairly strong week, rising against every major currency not named the Yen; but that had its own story behind it.

British Pound Forecast - GBP/USD to Face Larger Advance on Lackluster Fed Rhetoric

The slew of fundamental developments coming out of the U.S. economy may play a larger role in drivingGBP/USD volatility especially as the U.K. docket remains fairly light for the first full week of May.

Chinese Yuan (CNH) Forecast – Yuan at High Risk amid Liquidity, Econ Data and Commodity Volatility

Both the onshore (CNY) and offshore Yuan (CNH) closed at a slightly higher levels against the US Dollar on Friday, following the biggest move in Yuan’s daily reference rate set by China’s Central Bank in over 10 years.

Canadian Dollar Forecast - Canadian Dollar Retains Upside Risk on Consistent Data Beats

A perfect storm has developed for Canadian Dollar bears. In addition to Oil having risen ~70% from the February 11 low and the US Dollar falling to levels not seen since June, the Canadian economy continues to outperform rivals in terms of economic new releases relative to economists’ expectations.

Australian Dollar Forecast - Australian Dollar Volatility to Continue on RBA, US Jobs Data

The Australian Dollar looks set for another week of breakneck volatility as another round of high-profile event risk comes across the wires.

Gold Forecast – Gold Price Surges to Largest Weekly Gain in 11 Weeks

Gold prices surged to the largest weekly gain of the past 11 weeks on the heels of the Fed doing nothing.