Crude oil prices have bounced back going into the second-half of year, stoked by U.S. dollar weakness paired with the rebound in the world economy, and the rise in global activity may continue to drive the cost of energy higher over the coming months as the recovery gathers pace.

The International Monetary Fund expects the world economy to expand at a faster than initially expected and revised its 2010 GDP estimate to an annualized pace of 4.25% in April versus an initial forecast...

EURUSD – Euro Forecast to Recover Against US Dollar
GBPUSD – British Pound Outlook Bullish on Sentiment
USDJPY – Japanese Yen Expected to Decline against USD
USDCHF – Swiss Franc May Strengthen against Dollar
USDCAD – Canadian Dollar Forecast Calls for Gains
GBPJPY – British Pound Forecast Remains Bullish Against Yen



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The Australian Dollar is poised to move lower a the interest rate tightening cycle stalls, while a host of longer-term fundamental factors conspire to undermine the currency in the coming months.

The Australian dollar has been among the top performing currencies over the past year. While majors such as the Euro and British Pound have been trending lower for several months amid sovereign debt concerns, commodity currencies, including the Aussie, have been largely insulated, supported...

The U.S. economy added 431,000 jobs in May, much lower than economists’ expectations of 536,000, while the unemployment rate fell to 9.7 percent from 9.9 percent the previous month. As widely known, the jump in payrolls was largely attributed by government employment, whereas the private payrolls added merely 41,000 of the 431,000 gain.

Breakdown

Looking at the breakdown of the report, Americans dropped out of the labor force in May as the labor pool available slid...

US Dollar Awaits the Return of Liquidity, NFPs and the G-20 Meeting

Fundamental Outlook for US Dollar: Neutral

- The OECD upgrades growth forecasts for the world’s largest economy, recommends policy tightening...