The week ahead of us will be driven by both frenetic speculative views and distinct event risk.
US Dollar Forecast– Dollar Goes for Nine-Month Rally with Fed Talk and NFPs on Tap
The dollar came dangerously close to a nasty speculative spill this past week.
Japanese Yen Forecast – USD/JPY Holds 118.20 Support Ahead of Fed Rhetoric, NFP Report
The fundamental developments coming out of the U.S. economy may continue to undermine the long-term bullish outlook for USD/JPY as recent headlines point to a growing dissent within the Federal Open Market Committee (FOMC).
The British pound fell for the third week of the past four versus the US Dollar, hurt by disappointing economic data and generally dour trading sentiment.
The Australian dollar is at the mercy of risk appetite trends in the week ahead as Greece fights to secure bailout funding and payrolls data informs Fed rate hike bets.
Gold prices are higher for a second consecutive week with the precious metal advancing 1.48% to trade at 1199 ahead of the New York close on Friday.
