Weekly Trading Forecast: Dollar Rally at Risk as Equities Hit Record Highs


The two catalysts for volatility this past week - stimulus speculation and risk trends - are set to keep the markets moving next week on critical event risk like Bernanke's testimony and Chinese 2Q GDP.

Dollar Versus S&P 500 as Bernanke Threatens Another Bolt of Volatility

It was only a matter of time before the synchronized rally by the USDollar and S&P 500 suffered a fatality in the form of a reversal…

Lingering Portuguese Problems Weigh on Euro amid Light Docket

The Euro was the second worst performer last week, as the two sticky issues developing for the single currency…

Japanese Yen Not Done Yet - Potential for Further USDJPY Weakness

US Federal Reserve Chairman Ben Bernanke ended the Japanese Yen’s losing streak against the US Dollar, sending the USDJPY lower for the first week of the past four and leaving us in favor of further short-term declines…

British Pound Rebound to Accelerate on Faster Inflation, BoE Minutes

The British Pound snapped back from a fresh 2013 low of 1.4812 and the GBPUSD may continue to retrace the decline from earlier this year..

Gold Rally at Risk Ahead of Fed’s Beige Book, Bernanke Testimony

Gold is firmer this week with the precious metal rallying 4.74% to close at $1280 in New York on Friday, its largest weekly gain in nearly 2 years…

Australian Dollar May Rebound Absent Swell in Fed QE Taper Bets

The Australian Dollar may have scope to launch a recovery but the move may be undermined by another heavy well in Fed QE cutback speculation...

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