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Weekly Trading Forecast: Volatility and Breakouts Await Dollar and the Majors

David Rodriguez John Kicklighter Ilya Spivak Michael Boutros Christopher Vecchio

US Dollar Forecast - US Dollar Needs S&P 500 Volatility to Leverage a Rally

The Dow Jones FXCM Dollar Index (ticker = USDollar) rose every day of the past trading week. We haven’t seen a five consecutive day advance from this benchmark since the run through November 1 – notably the beginning of an impressive bull run for the greenback.

Euro Forecast - Return of Deflation Fears Could Soften Euro’s Resiliency

The Euro was a top performer by the end of the week, but a batch of incoming data – especially on the inflation front – could destabilize the Euro’s recent run of resiliency.

British Pound Forecast - British Pound May Fall Further on Big Week Ahead

The British Pound went from market leader to laggard, falling for five-consecutive trading days just after setting fresh multi-year highs the week before.

Australian Dollar Forecast - Australian Dollar May Weaken Further on Renewed Risk Aversion

The Australian Dollar declined as expected last week and we continue to hold a short AUD/USD position from 0.90, looking for further weakness.

Gold Forecast - Is the Gold Rally Over? $1338 in Focus Ahead of Key US Data

Gold prices nudged higher this week with the precious metal advancing 0.25% to trade at $1322 ahead of the New York close on Friday.

Weekly_Trading_Forecast_Volatility_and_Breakouts_Await_Dollar_and_the_Majors_body_Picture_1.png, Weekly Trading Forecast: Volatility and Breakouts Await Dollar and the Majors

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