Weekly Forex Forecast \u2013 NASDAQ 100 Index, USD/JPY, Cocoa Fut

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Weekly Forex Forecast \u2013 NASDAQ 100 Index, USD/JPY, Cocoa Fut
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Happy Weekend! Want to be prepared for the week ahead? Check out which Forex pairs to pay close attention to with our weekly forecast:

in Forex / CFD trading is highly likely to depend mostly upon, and not on the exact methods you might use to determine trade entries and exits.

Market sentiment has deteriorated quite severely, partly due to Fitch’s downgrade of its US credit rating, and partly due to a feeling that market rallies are due a substantial correction. The fact that we are now into August when bullish appetites tend to become limited is also likely to be a factor.

we are due for the release of US CPI data this week, which might bring a more bullish impetus to the market. This was seen as slightly hawkish as more members voted for the hike than were expected, and two members wanted a hike of 0.50%. We may start to see the Bank of England take a position as the most hawkish major central bank, as British inflation remains so relatively high.

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