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Weekly Trading Forecast: FX Volatility Climbs and So Does EURUSD

DailyFX.com -

This past week's EURUSD rally was the biggest in over three years. Has the Fed turned major FX trends or is this a bout of volatile indigestion?

US Dollar Forecast– Dollar Trend at Risk and Volatility High Following FOMC Meeting

The Federal Open Market Committee (FOMC) meeting this past week certainly set off fireworks in the financial market.

Euro Forecast - Euro Short Covering Underway, but Long-term Outlook Still Bearish

Euro short positioning built up the levels seen in early-February ahead of the FOMC meeting, suggesting that a period of consolidation and short covering may be ahead.

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Japanese Yen Forecast – USD/JPY Fails to Retain Bullish Momentum Ahead of U.S. CPI, 4Q GDP

In light of the market reaction to the Federal Open Market Committee’s (FOMC) March 18 meeting, the fundamental developments coming out of the world’s largest economy may continue to dictate the near-term price action for USD/JPY as Janet Yellen and Co. shows a greater willingness to retain the zero-interest rate policy (ZIRP) beyond mid-2015.

British Pound Forecast– British Pound Faces Critical Test in Important Week Ahead

The British Pound showed signs of life as it rallied for the first week in three versus the US Dollar, but concerns over the future of UK interest rates may continue to weigh on the domestic currency through the foreseeable future.

Australian Dollar Forecast –Australian Dollar Looks to Fed Policy Bets, Chinese PMI for Guidance

The Australian Dollar will look to evolving Federal Reserve rate hike bets to drive continued recovery but soft Chinese PMI data may reduce scope for gains.

Gold Forecast – Gold Carves Weekly Outside Reversal Post FOMC

Gold prices are sharply higher this week with the precious metal advancing 2.14% to trade at 1183 ahead of the New York close on Friday.

Weekly Trading Forecast: FX Volatility Climbs and So Does EURUSD
Weekly Trading Forecast: FX Volatility Climbs and So Does EURUSD

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