News Column

Weekly Trading Forecast: FX Market Looks to Turn Volatility into Trend Reversals

May 9, 2014

David RodriguezJohn KicklighterIlya SpivakMichael BoutrosChristopher Vecchio





US Dollar Stands to Gain on Rate Forecast, Surge on Risk Trends



Having started out the period with a painful collapse, the US dollar ended this past week with a strong rally that brought it back to even.



Japanese Yen Remains a Sell Until this Changes



The Japanese Yen trades at critical resistance versus the US Dollar (USDJPY trades at support). Given extremely low volatility expectations it seems unlikely we see a major USDJPY breakdown, but any major surprises out of upcoming Japanese data could force sharp currency swings.





Gold Prices Vulnerable as USD Regains Footing - All Eyes on US CPI



Gold prices are softer for the second consecutive week with the precious metal off by nearly 1% to trade at $1287 ahead of the New York close on Friday.



Weekly Trading Forecast: FX Market Looks to Turn Volatility into Trend Reversals












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Source: DailyFx