Gold is off sharply this week with the precious metal shedding 1.7% to trade at $1298 heading into the weekend.
A further pickup in market sentiment should continue to fuel the near-term rally in the USD/JPY, but the fundamental developments coming out next week may keep the dollar-yen contained within the wedge/triangle formation as the Bank of Japan (BoJ) remains upbeat on the economy.
Despite the continued and prevalent threat of aggressive dovish policy action by the European Central Bank, the Euro remained buoyant against its major counterparts for the second straight week as volatility strikes every other major asset class around the world expect for FX.
Date (GMT)EventCons.ActualPreviousApr 18 11:30FX Reserves, USD309.440 B $306.650 B $NewsIndia FX Reserves, USD rose from previous $306.65B to $309.44B (FXStreet) Fri, Apr 18 2014, 11:47 GMT
Date (GMT)EventCons.ActualPreviousApr 18 09:00Wage Inflation (YoY)1.400 %1.400 % NewsItaly Wage Inflation (MoM): 0% (March) vs previous 0.1% (FXStreet) Fri, Apr 18 2014, 09:01 GMTItaly Wage Inflation (MoM) down to 0% in March from previous 0.1% (FXStreet) Fri, Apr 18 2014, 09:00 GMTItaly Wage Inflation (YoY) remains at 1.4% in March (FXStreet) Fri, Apr 18 20
Date (GMT)EventCons.ActualPreviousApr 18 08:00Industrial Orders s.a (MoM)-3.100 %4.800 %News[Key:ActMenorPrev.0] (FXStreet) Fri, Apr 18 2014, 08:01 GMT
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Forex Knowledge Resource
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