Friday, February 28, 2014

Forex Weekly Trading Forecast: Risk Trends Breakout before a Week of NFPs and ECB




US Dollar Forecast – US Dollar Risks Plunge as SPX Hits a Record, EURUSD Tests 1.3800



The dollar’s recovery effort fell apart this past week as a record push for the S&P 500 spawned ‘risk appetite’ headlines and the market’s Taper interests continued to fade.



British Pound Forecast – GBP to Target Higher High on BoE Policy Outlook; 1.6850-60 in Sight



The British Pound looks well on its way to fresh highs as we see a growing number of Bank of England (BoE) officials prepare U.K. households for an imminent rise in borrowing costs.



Japanese Yen Forecast – Yen Crosses May Revive Equities Correlation…On a Collapse



The Japanese yen put in for a mixed performance this past week versus its major counterparts. Yet, such a performance is much more disconcerting than the benign picture it seems to put on.



Australian Dollar Forecast – AUD vulnerable as Risk Sentiment Sours Anew



The week ahead promises to be action-packed for the Australian Dollar, with a slew of catalysts on the domestic and the global front due to cross the wires.



Gold Forecast – Gold at Resistance Heading Into March- All Eyes on Central Banks, NFPs



Gold prices were virtually unchanged on the week with prices holding just below key resistance to trade at $1322 ahead of the New York close on Friday.


Forex_Weekly_Trading_Forecast_Risk_Trends_Breakout_before_a_Week_of_NFPs_and_ECB___body_Picture_1.png, Forex Weekly Trading Forecast: Risk Trends Breakout before a Week of NFPs and ECB



How does a Currency War affect your FX trading?



Written by the DailyFX Research Team. To sign up for a weekly e-mail with our currency outlooks, go to our page for forex news delivered to your inbox.





Forex Weekly Trading Forecast: Risk Trends Breakout before a Week of NFPs and ECB

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