Weekly Trading Forecast: FX Markets Brace for US GDP, NFPs and FOMC Decision

By DailyFx | July 25, 2014 AAA

DailyFX.com -

US Dollar Turn Can Forge Trend on Fed Decision, NFPs, 2Q GDP

There was little in the backdrop that should have meaningfully bolstered the US Dollar. Interest rate expectations measured through yields and Fed Fund futures were stagnant.

USDJPY Rallies to Multi-Week Highs, but What Could Force it Higher?

The Japanese Yen remains in a miniscule trading range versus the US Dollar, but a jump in volatility suggests some predict key events ahead could finally force some sharper USD/JPY moves.

New Zealand Dollar May Continue Lower on US Economic News-Flow

New Zealand Dollar selling may continue after last week’s aggressive decline as sentiment trends take the reins from RBNZ monetary policy considerations.

GDP/USD to Carve Higher-Low on Dovish FOMC

The GBP/USD looks poised to resume the bullish trend carried over from the previous year as the Bank of England (BoE) shows a greater willingness to normalize monetary policy sooner rather than later.

AUD to Continue Consolidation With Void of Local Data On Tap

The Australian Dollar may remain elevated with an absence of major domestic data ahead to shift policy bets alongside the prospect of continued carry demand.

Gold Defends July Lows- Outlook Hinges on GDP, FOMC, NFPs

Gold prices are softer on the week with the precious metal off by 0.51% to trade at $1298 ahead of the New York close on Friday.

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Weekly Trading Forecast: FX Markets Brace for US GDP, NFPs and FOMC Decision

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