Forecasts & Analysis | Currencies
Gold Declined by $79.50 This Week and $99.80 in September – Who’s to Blame
This is the second largest monthly decline this year with only February having a greater devaluation of gold futures.
EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Rebounds As Michigan Consumer Sentiment Beats Expectations
The softer-than-expected PCE Price Index report did not put material pressure on the American currency.
USD/JPY Weekly Forecast – US Dollar Continues to Climb Against the Japanese Yen
The US dollar has rallied during the course of the week to threaten the ¥150 level but did not quite clear it.
GBP/USD Weekly Forecast – British Pound Bounces From Extreme Lows
The British pound had fallen significantly during the course of the week but has bounced significantly from the lows of the week.
USD/JPY Forecast – US Dollar Recovers After Initial Selloff
The US dollar initially fell against the Japanese yen but turned around to show signs of life again. By doing so, the market is likely to continue to see a lot of US dollar strength going forward.
GBP/USD Forecast – British Pound Gives Up Early Gains
The British pound initially tried to rally during the session on Friday but has given back gains to show extreme weakness.
GBP/JPY Forecast – British Pound Continues to Rally Against the Yen
The British pound has rallied significantly during the course of the trading session on Friday, breaking above the 50-Day EMA. That being said, the market is likely to continue to see a lot of noisy behavior.