The FX market's best performing currency took a fundamental hit this past week which may turn into a speculative blow when liquidity returns.
US Dollar Forecast– Dollar Risk of Correction as Speculative Appetite Wavers
There is little doubt that the US Dollar maintains a fundamental advantage over most of its counterparts.
Euro Forecast - EUR/USD Volatility Starting to Run Higher as Data, Greek Headlines Collide
The market remains heavily short EURUSD, even as investors have started to reprice the likelihood of the Fed raising rates into early-2016.
Japanese Yen Forecast – USD/JPY Retail Boosts Long Exposure; 118.20 in Focus Ahead of BoJ
The Bank of Japan (BoJ) interest rate decision may heighten the appeal of the Japanese Yen and spur a further decline in USD/JPY should Governor Haruhiko Kuroda continue to endorse a wait-and-see approach following the April 8 meeting.
British Pound Forecast– British Pound at Risk of Declines Given Political Uncertainty
The British Pound finished the week almost exactly where it began, first falling versus the US Dollar until a sharp USD sell-off sent the GBP/USD through key levels.
Australian Dollar Forecast – Australian Dollar Volatility Ahead as RBA Compounds External Threats
The Australian Dollar is likely set for a pickup in volatility as conflicting cues ahead of the RBA policy announcement compound tumult on the external front.
Gold Forecast – NFP Inspired USD Weakness to Benefit Gold - 1180 Key Support
Gold prices are higher for a third consecutive week with the precious metal advancing nearly 0.4% to trade at 1202 into the close.
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