US Dollar Forecast: US Dollar Has Scope to Extend Rally on CPI Data, Powell Speech
The US Dollar has scope to continue building higher after enjoying the most aggressive three-week rally in nearly two years against its major currency counterparts.
Euro Forecast: Falling Inflation Makes Case for QE-Extension; Weakness May Remain
The Euro correction has continued, and EUR/USD is testing below the vaulted 1.2000 level. As the economic backdrop in Europe continues to slow, the possibility of further Euro losses remain.
Japanese Yen Forecast: Japanese Yen May Gain if Uncertainty On Iran Deal Hurts Sentiment
The Japanese Yen could rise if uncertainty over the Iran deal hurts sentiment and boosts anti-risk assets. Other domestic and external event risks could once again swing the currency.
Australian Dollar Forecast: Sinking Australian Dollar Can't Look For Support In The Numbers
There’s plenty of Australian economic data on tap this week, but it’s not going to shift interest-rate expectations. Therefore it’s unlikely to help battered Aussie bulls
The Chinese Yuan may face a mixed