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Dollar Bulls Simply Waiting for the Right Cue
When a currency or asset doesn’t fall in the face of ‘bad’ event risk, it’s bullish. Between rate expectations and risk trends, the dollar is a coiled spring of potential.
Japanese Yen to Eyes Range Support on Less-Dovish BoJ
The USD/JPY may continue to consolidate in the week ahead as it retains the wedge/triangle formation from earlier this year, but the Bank of Japan (BoJ) interest rate decision may heighten the appeal of the Yen.
British Pound at Important Risk of Reversal Ahead of Key Data
The British Pound finished the week almost exactly where it began, but key UK employment data releases on the calendar promise bigger moves in the week ahead.
Gold Bounces Off Range Low Post ECB/NFP- Bearish Sub $1270
Heading into next week, traders will be eyeing data out of the US with retail sales and the preliminary June University of Michigan confidence surveys looking to keep gold rising.
Australian Dollar at Risk as US Data Bolsters Fed Policy Outlook
The Australian Dollar is vulnerable to renewed selling pressure as firming Fed policy bets undermine the currency’s yield advantage and feed risk aversion.