All of the driving fundamental themes are gaining momentum: rate speculation for the Fed and BoE; concerns of a revived Greece crisis; and fear of a market collapse despite stimulus.
The Dollar came dangerously close to starting a speculative landslide this past week. Yet, once again fundamentals have stepped in keep the record-breaking seven-month bull trend intact.
The Japanese Yen finished the week noticeably lower versus all major counterpart and pushed the US Dollar/JPY exchange rate through key resistance. Could this be the start of a larger USDJPY breakout?
The British Pound was left without guidance on rates after last week's BoE decision. The markets will look to dispel this uncertainty in the week ahead as the central bank publishes its quarterly Inflation Report.
Gold prices plummeted this week with the precious metal off more than 4% to trade at $1231 ahead of the New York close on Friday.
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