Weekly Trading Forecast: Are Markets Underestimating Fed Resolve?

Financial markets have been defined by fading Fed rate hike bets in recent weeks. An FOMC rate decision and second-quarter US GDP data now threaten that narrative.

Euro Forecast: Can the Euro Continue to Defy a Dovish ECB and Soft Data Flow?

The Euro faces a telltale period ahead as the bulls’ defiance of a dovish ECB is tested with the passage of top-tier economic data and official commentary.

British Pound Forecast: British Pound Falls as Inflation Disappoints, but Will GDP Revive the Trend?

The British Pound came into this week with legitimate prospects for bullish continuation. But with inflation printing below expectations, that bullish move may be on pause for the foreseeable future.

Japanese Yen Forecast: USD/JPY Eyes June-Low Ahead of FOMC Meeting, 2Q U.S. GDP Report

The Japanese Yen may continue to appreciate against its U.S. counterpart next week should the Federal Open Market Committee (FOMC) soften its hawkish outlook for monetary policy.

Australian Dollar Forecast:Australian Dollar on Watch for RBA Interventions After Debelle

The Australian Dollar market can look forward to a US monetary policy call and official local consumer price data, but the RBA may now be a more obvious focus than either.

New Zealand Dollar Forecast: NZD/USD Surges to Fresh Highs But Caution Advised

NZD/USD broke to upside this week and returned to levels last seen in September 2016 on Fin Min comments

Canadian Dollar Forecast: Don’t Fight The Trend

The Canadian Dollar has been strengthening against its US cousin since early May and that trend will most likely continue as long as further interest rate hikes remain probable.

Chinese Yuan Forecast: To Retrace or to Advance, That is a Question around the Yuan

Looking forward, Chinese regulators’ guidance, July FOMC decision, as well as U.S. data prints are more likely to add mixed moves into the pair; both retracement and breakout are possible for the pair next week.