• US Dollar Strength Depends on Nonfarm Payrolls, Euro Zone Resolution
• Euro May Find Temporary Reprieve with a Greek Bailout Approval
• Japanese Yen May Weaken On Greece Resolution, Positive NFP’s
• British Pound Threatened on Uncertain UK Election Outcome
• Swiss Franc Could Appreciate If Greek Bailout Uncertainties Intensify
• Canadian Dollar Uptrend at Risk as Positioning Heavily Overbought
• Australian Dollar Could Topple if the RBA Doesn’t Keep Pace
• New Zealand Dollar Positioned to Outperform

...

Oil Prices May Decline as Risk Appetite Fades Ahead of US Open

Commodities - Energy

Crude Oil (WTI) $84.45 +$0.60 +0.72%
Prices have rebounded to support-turned-resistance at the lower boundary of a Rising Wedge formation set from early February. Risk trends remain an important driver of directional momentum, with the 20-day percent change correlation between crude and the MSCI World Stock Index now at 0.7. This hints that bearish momentum...

The British pound saw support overnight on the back of consumer prices accelerating to 3.5% from 3.0%, raising speculation that the BoE will bring an end to their QE measures. The central bank has been the laggard amongst the G-7 in announcing the termination of its asset purchase program as it continues to see downside risks.

GBP/USD

The British pound saw support overnight on the back of consumer prices accelerating to 3.5% from 3.0%, raising speculation that the BoE...

US Dollar Likely to Rally Further if S&P 500 Continues Recent Decline
Euro Could Face Additional Headwinds as Greek Uncertainties Linger
Japanese Yen Volatility Ahead as Carry Trades Track Stock Performance
British Pound May Find Support on Improving Domestic Picture
Swiss Franc May Remain Under Pressure As Risk Sentiment Shifts
Canadian Dollar Strength at Risk Ahead of Bank of Canada Decision
Australian Dollar to Follow Risky Assets on Earnings, Greece Fiasco
New Zealand Dollar Looks to Consumer Price Index Report...

EURUSD – Euro Forecast Unclear as Sentiment Mixed
GBPUSD – British Pound Predicted to Strengthen
USDJPY – Japanese Yen Forecast to Rally Further
USDCHF – Swiss Franc Expected to Strengthen
USDCAD – Canadian Dollar Outlook Calls for Gains
GBPJPY – British Pound Forecast Bullish versus Japanese Yen



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