The French presidential election runoff, rate calls in the UK and New Zealand as well as EU and G7 meetings demand attention as the spotlight turns away from the US.
US Dollar Forecast: US Dollar Looks Outward for Direction Cues as Fed Outlook Firms
An all-but-certain Fed rate path in the near term may see the US Dollar looking outward for direction cues. Ample international event risk offers no shortage of possible drivers.
Japanese Yen:Â BoJ Optimistic but Inflation Still Subdued: Taper Not Yet a Topic of Concern
Yen weakness was a pervasive theme across FX markets this week, as the currency dropped every day against the Euroand four out of five days against both the British Pound and the U.S. Dollar
Canadian Dollar Forecast: Poor Jobs Data + Weak Oil = Further Slippage
Friday’s news that Canadian employment rose by a mere 3,200 in April, well below both expectations of a 10,000 increase and the previous month’s 19,400 advance, was deeply disappointing.
British Pound Forecast: BoE ’Super Thursday’ Event, Fed Rheotic to Test GBP/USD Relief Rally
The BoE’s ‘Super Thursday’ event along with another week of Fed rhetoric may shake up the relief rally in GBP/USD amid the deviating paths for monetary policy.
Australian Dollar Forecast:Australian Dollar to Struggle as Commodities Falter
The Australian Dollar would probably be doing a lot better if domestic news were all that mattered. It isn’t, sadly for the bulls. Interest-rate differentials and commodity prices matter too.
New Zealand Dollar Forecast: Kiwi Under The RBNZ’s Thumb
After hitting a 10-month low on April 28, the New Zealand Dollar enjoyed a rare but brief fillip this this week, first on a better-than-expected jobs report, then on news that inflation expectations had risen.
Gold Forecast:Â Gold Prices Search for Support Post FOMC- All Eyes on France
