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- FOREX: Dollar Faces a Heavy Week of Event Risk, But Can GDP and a FOMC Decision Revive the Currency?
- Forex Weekly Trading Forecast 04-25-2011
- New Zealand Dollar To Be Heavily Influenced By RBNZ Rate Decision
- Canadian Dollar Correction To Be Short-Lived, 0.9000 In Sight
- British Pound Rallies on Dollar Weakness - Traders Eye GDP Data
- Euro Debt Tensions and FOMC Decision Critical as ECB Expectations Fall
- Dollar Sees Thin Margin for Recovery with GDP, FOMC Decision
- Could Major U.S. Data Releases Help Breathe Life into a Collapsing Dollar?
- Japanese Yen Volatility Ahead as Prices Track US Bond Yields
- Gold Outlook Bullish on Weaker Dollar, Continued Geopolitical Concerns
- Australian Dollar Could Gain Further Amid Rising Inflationary Pressures
- US Dollar Index Plummets to Multi-Year Lows as Equities, Commodities Advance
- Guest Commentary: Silver Set to Soar as Paper Folds?
- Forex: Currencies Little Changed On Holiday Trade, Event Risks For Week Ahead Promises Major Developments
| FOREX: Dollar Faces a Heavy Week of Event Risk, But Can GDP and a FOMC Decision Revive the Currency? Posted: Looking ahead to the forthcoming trading week, we may have something of a slow start with much of the European market still absent Monday; but activity will pick up soon thereafter. With the dollar, underlying fundamental themes like risk appetite trends typically hold a greater sway over its bearing; but the top events for this period could very well make the greenback the master of its own future. |
| Forex Weekly Trading Forecast 04-25-2011 Posted: -Dollar Sees Thin Margin for Recovery with GDP, FOMC Decision -Euro Debt Tensions and FOMC Decision Critical as ECB Expectations Fall -Japanese Yen Volatility Ahead as Prices Track US Bond Yields -British Pound Rallies on Dollar Weakness - Traders Eye GDP Data -Canadian Dollar Correction To Be Short-Lived, 0.9000 In Sight -Australian Dollar Could Gain Further Amid Rising Inflationary Pressures -New Zealand Dollar To Be Heavily Influenced By RBNZ Rate Decision -Gold Outlook Bullish on Weaker Dollar, Continued Geopolitical Concerns |
| New Zealand Dollar To Be Heavily Influenced By RBNZ Rate Decision Posted:  The New Zealand dollar broke above 0.8000 for the first time since 2008 as currency traders increased their appetite for yields, and the exchange rate may continue to push steadily higher going into the final week of April as it maintains the upward trend carried over from the previous month. At the same time, the Reserve Bank of New Zealand interest rate decision could further instill a bullish outlook for the high-yielding currency as the central bank expects the rebuilding efforts from the Christchurch earthquake to boost economic activity throughout the region, and the central bank may see scope to tighten monetary policy in the second-half of the year as the economy skirts a double-dip recession. |
| Canadian Dollar Correction To Be Short-Lived, 0.9000 In Sight Posted:  The Canadian dollar continued to outperform against its U.S. counterpart, with the USD/CAD slipping to a fresh yearly low of 0.9453, and the exchange rate may persistently retrace the advance from back in 2007 as economic activity in the region outpaces the recovery in the world’s largest economy. As growth and inflation accelerates, with consumer prices advancing to a 30-month high of 3.3% in March, speculation for higher borrowing costs in Canada could lead the dollar-loonie to make a run at 0.9000 over the near-term, and the small correction coming off of the holiday trade is likely to be short lived as the pair maintains the downward trend dating back to 2009. |
| British Pound Rallies on Dollar Weakness - Traders Eye GDP Data Posted:  Much of the sterling’s price action in the coming days will be determined by market sentiment on the US dollar as this week saw investors and traders alike continue to jettison the greenback on concerns over domestic fiscal imbalances and ultra-loose monetary policy from the Fed. The pound stalled out just short of the 1.66-handle on Thursday as dollar losses accelerated. |
| Euro Debt Tensions and FOMC Decision Critical as ECB Expectations Fall Posted:  Continued US Dollar weakness pushed the Euro/US Dollar pair higher for the third week in four, leaving the single currency just short of the 1.50 mark in what promises to be an exciting week of trading. Markets anxiously await results from Tuesday’s US Federal Open Market Committee interest rate announcement and Wednesday’s German Consumer Price Index inflation data. The FOMC is exceedingly unlikely to raise interest rates, but markets will keep a close eye on ensuing commentary and the first-ever FOMC press conference by Chairman Ben Bernanke. German inflation figures will likewise factor in European Central Bank interest rate expectations, and any noteworthy surprises could force substantive moves across all Euro currency pairs. |
| Dollar Sees Thin Margin for Recovery with GDP, FOMC Decision Posted:  Fundamental conditions have not deteriorated markedly for the dollar over the past few weeks; but sentiment surrounding the currency certainly has. With market participants looking for a consistent trade to take advantage of while broader capital markets seem to struggle for direction, the greenback-funded carry trade has turned into the FX traders go-to position. With this preconceived belief that a dollar-short is a solid setup, the masses are far more sensitive to negative developments and simultaneously downplay positive events. There are a few catalysts due this coming week that can temporarily alter the benchmark currency’s fortunes; but to truly alter its course would require a deeper fundamental shift. We should head into the new trading week expecting prevailing trends to hold up; but also be ready to recognize and react to changes in the backdrop. |
| Could Major U.S. Data Releases Help Breathe Life into a Collapsing Dollar? Posted: The coming week will be particularly important for the world’s largest economy, with three significant events on the docket for the United States. |
| Japanese Yen Volatility Ahead as Prices Track US Bond Yields Posted: |
| Gold Outlook Bullish on Weaker Dollar, Continued Geopolitical Concerns Posted: |
| Australian Dollar Could Gain Further Amid Rising Inflationary Pressures Posted: |
| US Dollar Index Plummets to Multi-Year Lows as Equities, Commodities Advance Posted: This week saw broad based dollar weakness across the board with the dollar index dipping to lows not seen since August of 2008. Weighing on the greenback are concerns over the Fed’s loose monetary policy coupled with rising national deficits. Investors shed the dollar in search of riskier, higher-yielding assets as the continuation of Fed easing is viewed as a backstop on economic growth. The dollar index broke below trend line resistance dating back to late 2010 with further downside likely. |
| Guest Commentary: Silver Set to Soar as Paper Folds? Posted: Gold has always been the reserve asset of choice for central banks and major private investors. But now, as smaller investors become aware that paper dollars are under threat, many are looking towards silver. |
| Posted: The sharp drop in market participation kept the major exchange rates within a narrow range ahead of the Easter holiday, but the economic docket for the following week certainly highlights market-moving events, which should produce an interesting week of trading. |
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