Financial markets preoccupied with the direction of Fed monetary policy will have to make room for rate decisions form the RBNZ and the BOE in the week ahead.
US Dollar[1] Forecast: US Dollar Has Scope to Extend Rally on CPI Data, Powell Speech[2]
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[3] Forecast: Falling Inflation Makes Case for QE-Extension; Weakness May Remain[4]
The Euro correction has continued, and EUR/USD[5] is testing below the vaulted 1.2000 level. As the economic backdrop in Europe continues to slow, the possibility of further Euro losses remain.
British Pound Forecast: GBPUSD Price Action Hinges on Bank of England's Super Thursday[6]
GBP[7] fails to find reprieve after another run of uninspiring data points. Focus now turns to the Bank of England Quarterly Inflation Report.
Japanese Yen[8] Forecast: Japanese Yen May Gain if Uncertainty On Iran Deal Hurts Sentiment[9]
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[10] Forecast: Sinking Australian Dollar Can't Look For Support In The Numbers[11]
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
Chinese Yuan Forecast: Yuan May Lose on Weak Exports, Gain on Warmer China-Japan Relations[12]
The Chinese Yuan may face a mixed
