Forecasts for China, Global Growth Top Fundamental FX Drive This Week

DailyFX.com -

The economic docket will fill out with critical event risk ahead. At the top of the list will be 1Q Chinese GDP along with the IMF's forecasts for growth and financial stability for the world's most important regions.

US Dollar Forecast – Dollar to Move from Consolidation to Trend, But What Sparks the Move?

The Dollar was little changed this past week – which is an impressive turn of events for the currency considering the previous bouts of painful selling.

Euro Forecast – EUR/USD Adrift at Sea, Waiting for ECB and Fed Winds to Blow

The ECB may open up its easing measures later on in the year, but for now, with energy prices and inflation expectations stabilizing, it appears to be on the sideline for the immediate future. The only question is, how far can EUR/USD rise without ECB interference?

British Pound Forecast – British Pound Risks Near-Term Correction on Rising U.K. Inflation

The Bank of England’s (BoE) April 14 policy meeting may spur a limited market reaction as the central bank is widely anticipated to retain its current policy ahead of the referendum in June, but signs of sticky U.K. inflation accompanied by dovish comments from Fed officials may generate a near-term rebound in GBP/USD as U.S. interest-rate expectations falter.

Australian Dollar Forecast – Aussie Dollar Selloff May Continue on Jobs Data, Risk Aversion

The Australian Dollar may continue downward after last week’s losses as a soft jobs report boosts RBA rate cut bets while US economic and earnings news-flow drives risk aversion.

Chinese Yuan (CNH) Forecast – A Heavy Calendar Has Chinese Yuan at Risk from Home: GDP, CPI Due

The onshore and offshore Yuan rates moved in opposite directions this past week: the offshore Yuan (CNH) held a bearish position against the US Dollar while the onshore Yuan (CNY) closed slightly higher on Friday.

Canadian Dollar Forecast - Strong Employment Report Primes CAD for Bank of Canada

The Canadian Dollar has been on a run that likely has more gas in the proverbial tank that could mean furtherCADgains.

Gold Forecast – Gold to Remain Supported on Dovish Fed- Bullish Invalidation 1193

Gold pricerallied for a second consecutive week with the precious metal advancing 1.26% to trade at 1237 ahead of the New York close on Friday.

Forecasts for China, Global Growth Top Fundamental FX Drive This Week
Forecasts for China, Global Growth Top Fundamental FX Drive This Week

What are the Traits of Successful Traders? See what our studies have found to be the most common pitfalls of retail FXtraders.

Sign up for a free trial of DailyFX-Plus to have access to Trading Q&A's, educational webinars, updated speculative positioning measures, trading signals and much more!


original source

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.

Advertisement