Fundamental Forecast for Gold: Neutral

• Gold Rebounds After Taking Out Key Technical Support
• ETF Investment Liquidation Driving Gold Performance

Gold outlook hinges on underlying risk sentiment ahead of another large batch of second-quarter earnings reports from top companies as well as the closely-watched US jobs report amid expectations for further improvement in private payrolls.

US Dollar Could Be Dragged Lower On Rising Unemployment

Euro To Face Headwinds As ECB Likely To Keep Exit Strategy On Hold

Japanese Yen May Strengthen as Traders Seek Safety

British Pound Volatility Ahead on Bank of England Rate Decision

Canadian Dollar May Falter On Weakening Global Picture

Australian Dollar Rally Could Falter As RBA Holds Interest Rate Steady

New Zealand Dollar Vulnerable as Rate Expectations Falter

Gold Recouples with Risk Sentiment, Eyes US Jobs Report

British Pound Volatility Ahead on Bank of England Rate Decision

Fundamental Forecast for British Pound: Neutral

- Technical Positioning Hints Pound to Reverse Lower vs US Dollar

- Rates Outlook Key as British Pound Clings to UK-US Libor Spread

The British Pound may turn volatile in the week ahead as the Bank of England delivers the first rate decision based on an updated inflation outlook taking into account the government’s austerity budget.

EURUSD – Euro Forecast to Gain versus US Dollar

GBPUSD – British Pound Turnaround May Be in the Horizon

USDJPY – Japanese Yen Positioning Remains at Extreme Levels

USDCHF – Swiss Franc May Continue to Strengthen against the Dollar

USDCAD – Canadian Dollar Forecast to Break Below Narrow Range

GBPJPY – British Pound Forecast to Advance Against the Yen

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Choppy U.S. dollar price action has led to mixed forex trading crowd sentiment, moderating our conviction in calling for further USD weakness.

EUR/USD: Selling Opportunity Ahead as Rally Clears 1.30
GBP/USD: Bearish Reversal Hinted at Channel Top
USD/JPY: Remain Long as Prices Threaten Stop-Loss
USD/CAD: Candles Hint Upswing Within Triangle Setup
AUD/USD: Bulls Challenge Resistance Above 0.90
NZD/USD: Positioning Turning Increasingly Bearish