Forex News
# New Zealand Dollar Vulnerable as Rate Expectations Falter
# Australian Dollar Rally Could Falter As RBA Holds Interest Rate Steady
# Canadian Dollar May Falter On Weakening Global Picture
# Japanese Yen May Strengthen as Traders Seek Safety
# Euro To Face Headwinds As ECB Likely To Keep Exit Strategy On Hold
# US Dollar Could Be Dragged Lower On Rising Unemployment
# British Pound Volatility Ahead on Bank of England Rate Decision
British Pound Volatility Ahead on Bank of England Rate Decision
Fundamental Forecast for British Pound: Neutral
- Technical Positioning Hints Pound to Reverse Lower vs US Dollar
- Rates Outlook Key as British Pound Clings to UK-US Libor Spread
The British Pound may turn volatile in the week ahead as the Bank of England delivers the first rate decision based on an updated inflation outlook taking into account the government’s austerity budget.
# Dollar Ends Flat As Strong Manufacturing and Consumer Sentiment Data Offset Slower Pace of Growth
• Dollar Ends Flat As Strong Manufacturing and Consumer Sentiment Data Offset Slower Pace of Growth • Euro to Face Whipsaw Price Action Ahead of ECB Rate Decision • British Pound Ends the Week as the Second Best Performing G10 Currency Against U.S. Dollar • Canadian Dollar Remains Bounded by Narrow Range as GDP Expands in May • Japanese Yen Extends Rally as Traders Seek Flight to Safety
# FX Technical Weekly 07-30
Formation of a US Dollar low is proving elusive. It is best to stand aside and wait for the bottoming scenario to play out.
# Currency Crosses: Technical Outlook 07/30
The Euro crosses are mixed while the Yen crosses show signs of topping.
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