U.S. Markets closed

Weekly Forex Trading Forecast

David Rodriguez John Kicklighter Ilya Spivak Michael Boutros David Song Christopher Vecchio

Japanese Yen at Risk for Further Losses on Dovish BoJ Governor Kuroda

The Japanese Yen continued to give back the advance from May, with the USDJPY climbing back above the 99.00 handle, and the low-yielding currency may face additional headwinds in July should the Bank of Japan (BoJ) show a greater willingness to further embark on its easing cycle

Gold: $1181 Paramount for Bulls- Muted Recovery Ahead of U.S. NFPs

Gold continued its historic descent this week with prices plummeting through support at $1273 before settling around $1226 at the close of trade in New York on Friday. This week’s 5.4% decline pushes the quarterly losses to 31%, the largest quarterly decline seen in over 93 years

Use the DailyFX-Plus Technical Analyzer to identify possible trade setups.

Weekly_Forex_Trading_Forecast_body_Picture_1.png, Weekly Forex Trading Forecast

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.