Weekly Trading Forecast: A Fed Hike And Greek Crisis
Dailyfx | Jun 07, 2015 01:50AM ET
Volatility carries through the FX market like electricity, but will we find conclusive views on Fed timing, Greece and other key events this week?
US Dollar Post NFP-Rally Unlikely to Overtake 12-Year Highs
There is little denying NFPs fed rate speculation this past week. But with the June FOMC meeting not far away, conviction is difficult to secure.
GBP/USD Outlook Hinges on Race to Normalize Monetary Policy
The economic data prints coming out of the U.K. & U.S. should continue to drive GBP/USD volatility in the week ahead as market participants weigh the outlook for monetary policy.
Japanese Yen Remains a Sell Until this Changes
The Japanese yen fell for the third-consecutive week and finished at decade-plus lows versus the US dollar as traders sold aggressively into JPY declines. Current price momentum leaves us in favor of continued USD/JPY gains.
Gold at 11-Week Lows Post NFP, Risks Further Losses on US Optimism
Gold prices tumbled for a third consecutive week with precious metal off by another 1.8% to trade at $1169 ahead of the New York close on Friday.
Australian Dollar Bracing for Another Volatile Week Ahead
The Australian dollar looks set for another volatile week as domestic and Chinese data fuels RBA policy speculation while risk appetite trends remain in flux.
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