Advertisement
Australia markets closed
  • ALL ORDS

    7,837.40
    -100.10 (-1.26%)
     
  • ASX 200

    7,575.90
    -107.10 (-1.39%)
     
  • AUD/USD

    0.6532
    +0.0008 (+0.13%)
     
  • OIL

    83.83
    +0.26 (+0.31%)
     
  • GOLD

    2,346.80
    +4.30 (+0.18%)
     
  • Bitcoin AUD

    97,711.19
    -1,184.05 (-1.20%)
     
  • CMC Crypto 200

    1,327.28
    -69.25 (-4.96%)
     
  • AUD/EUR

    0.6106
    +0.0033 (+0.54%)
     
  • AUD/NZD

    1.0992
    +0.0034 (+0.31%)
     
  • NZX 50

    11,805.09
    -141.34 (-1.18%)
     
  • NASDAQ

    17,753.18
    +322.68 (+1.85%)
     
  • FTSE

    8,139.83
    +60.97 (+0.75%)
     
  • Dow Jones

    38,303.06
    +217.26 (+0.57%)
     
  • DAX

    18,161.01
    +243.73 (+1.36%)
     
  • Hang Seng

    17,651.15
    +366.61 (+2.12%)
     
  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

Trading Forecast: Euro, Dollar and Pound Face Strong Winds This Week

DailyFX.com -

Key event risk in US NFPs, Greek negotiations, a UK election and RBA rate decision set the FX market up for volatility in the week ahead.

US Dollar Forecast– Dollar Technicals Say Bearish Reversal, Fundamentals Don’t Agree

This past week, the USDollar posted its first drop on a monthly basis in 10 consecutive months.

Euro Forecast - Euro Covering Rally Potential Unleashed, NFPs Only Obstacle

Rising yields in the Euro-Zone coupled with weakening equity markets have provoked a short covering rally in EURUSD.

Japanese Yen Forecast – US Dollar May Finally Break Out versus Japanese Yen

The Japanese Yen finished the week notably lower versus the US Dollar but stuck to its long-standing trading range.

ADVERTISEMENT

British Pound Forecast – GBP/USD Advances Fizzles Ahead of U.K. Election- 1.5000 on Radar

Headlines surrounding the U.K. election are likely produce increased volatility for GBP/USD, but the uncertainties clouding the fiscal outlook may only act as a near-term driver for the British Pound as the Bank of England (BoE) remains on course to normalize monetary policy.

Australian Dollar Forecast – Australian Dollar May Rise as RBADisappoints Rate Hike Bets

The Australian Dollar may rise if the RBA decides not to cut interest rates its May meeting. Seemingly compelling evidence suggests they may opt to do just that.

Gold Forecast – Gold Marks Outside Weekly Candle on FOMC- 1165 in Focus Ahead of NFP

Gold prices fell to a 6-week low with the precious metal off by more than 0.50% to trade at $1172 ahead of the New York close on Friday.

Trading Forecast: Euro, Dollar and Pound Face Strong Winds This Week
Trading Forecast: Euro, Dollar and Pound Face Strong Winds This Week

Sign up for a free trial of DailyFX-Plus to have access to Trading Q&A's, educational webinars, updated speculative positioning measures, trading signals and much more!

Want to develop a more in-depth knowledge on the market and strategies? Check out the DailyFX Trading Guides we have produced on a range of topics.


original source

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.