EURUSD: Euro US Dollar Exchange Rate Forecast

USDJPY: US Dollar Japanese Yen Exchange Rate Forecast

GBPUSD: British Pound US Dollar Exchange Rate Forecast

USDCHF: US Dollar Swiss Franc Exchange Rate Forecast

USDCAD: US Dollar Canadian Dollar Exchange Rate Forecast

AUDUSD: Australian Dollar US Dollar Exchange Rate Forecast

NZDUSD: New Zealand Dollar US Dollar Exchange Rate Forecast

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The Euro looks to be joining the commodity Dollars in re-coupling with risk sentiment while the Japanese Yen tracks US Treasury yields, putting the spotlight on the US earnings and economic calendars. The British Pound looks to he BOE rate decision for a read on austerity’s impact on the inflation outlook.

A noteworthy decline in forex market volatility expectations points to slower price moves in the week ahead, favoring lower-volatility trending strategies amidst steady US Dollar declines. Normally we would claim that the drop in vols favor Range trading styles—buying currencies that have fallen and selling those that have rallied. Yet our own Range1 and Range2 algorithmic trading strategies have done poorly amidst strong trends in the Euro/US Dollar and other key pairs.

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

View individual currency SSI charts in our FX Sentiment section

Interested in building your own SSI-based strategy? Request SSI data on our forex forum.

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

EURUSD – Euro Forecast to Gain Versus U.S. Dollar
GBPUSD – British Pound Turnaround May Be on the Horizon
USDJPY – Japanese Yen Positioning Remains
USDCHF – Swiss Franc May Continue to Strengthen against Dollar
USDCAD – Canadian Dollar Forecast to Break Below Narrow Range
GBPJPY – British Pound Forecast to Advance Against Yen

View individual currency SSI charts in our FX Sentiment section

Interested in building your own SSI-based strategy? Request SSI data on our forex forum.