Weekly Forex Trading Forecast - All Eyes on Dollar Ahead of Fed Meeting

By DailyFx | June 13, 2014 AAA

DailyFX.com -

Article summary: The Dollar continues to trade in a tight range versus the Euro and other counterparts, but a highly-anticipated Fed meeting could spark big moves in USD pairs.

Euro Continues to Offer Range Trading Opportunities

The Euro finished near four-month lows versus the Dollar, but the lack of volatility in recent markets makes it unlikely it breaks significantly lower. We’re watching key event risk for a potential breakdown.

GBP/USD Breaks Out; Eyes Higher-High on BoE DissentThe Japanese Yen gained ground ahead of the The Sterling may continue to carve a series of higher-highs & higher-lows during the summer months amid the ongoing shift in outlook for the Bank of England.

Australian Dollar May Stumble on Dovish RBA Minutes, Upbeat FOMC

High-profile event risk on the domestic and the external fronts in the week ahead threatens to undermine the recent Australian Dollar rally.

Gold Rally at Risk Heading into FOMC- 1277 Resistance

Building geopolitical tensions in Iraq and Ukraine have offered some much needed support to gold prices which had fallen more than 10% off the March high.

Use the DailyFX-Plus Technical Analyzer to identify possible trade setups.

Weekly Forex Trading Forecast - All Eyes on Dollar Ahead of Fed Meeting

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.

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