Financial markets eye confirmation hearings for two new Fed officials as well as CPI and GDP data from Europe and Japan in the week ahead.

US Dollar[1] Forecast: US Dollar May Resume Rally on Fed Hearings, External News Flow[2]

The US Dollar may return to the offensive as incoming Fed officials voice support for rate hikes and external news flow cools bets on hawkish policy outside the US.

British Pound Forecast: A Bargain or a Bear Trap?[3]

With little UK data of note next week, sterling traders may be wise to let the charts unfold as long and short GBP[4] positions both hold potential risks.

Japanese Yen[5] Forecast: Yen Weakness in the Spotlight with Japan Inflation Numbers On Deck[6]

Yen weakness becomes a theme of interest for FX traders again, as next week brings the release of April inflation numbers out of Japan. March saw inflation fall back after an earlier spike in January and February. Continued calm from inflation keeps the door open for Yen bears.

Australian Dollar[7] Forecast: Australian Dollar's Slide May Pause, But It's Probably Not Over[8]

The Australian Dollar has benefitted from the US Dollar rethink which came with last week’s weaker inflation print. It may continue to do so, for a while at least.

New Zealand Forecast: NZD/USD Awaits Fed Speak, Positioning and Perhaps Profit Taking[9]

Amidst a more neutral RBNZ, the New Zealand Dollar[10] will look to external event risk next week such as Fed speak. NZD/USD[11] positioning warns prices may turn higher. Profits could be booked.

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