Let us look at the relevant data of currency price changes and interest rates to date, which we compiled using a trade-weighted index of the major global currencies:For the month of January, I forecast that the EUR/USD currency pair will rise in value and that the USD/JPY currency pair will fall in value.would rise in value. The forecast performance was positive as follows:Last week, I made no weekly forecast.
Directional volatility in the Forex market is likely to increase over the coming week as there are some high-impact data releases scheduled for this week, following last week’s quietLast week was dominated by relative strength in the Japanese Yen, and relative weakness in the US Dollar.
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