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
: Buying currencies with high interest rates and selling currencies with low interest rates.
:For the month of February, I forecasted that the EUR/USD currency pair will fall in value. The performance to date of this forecast is as follows:In my previous forecast last week, I made no weekly forecast. This week I forecast that the GBP/NZD currency cross is likely to rise in value, as it fell so strongly against its long-term trend over the past week., with 37% of all the important currency pairs or crosses moving by more than 1% in value.
olatility is likely to increase over this coming week, as markets will become unstable if events in Ukraine take a more dramatic turn over the coming days. Last week was dominated by relative strength in the Australian Dollar, and relative weakness in the British Pound.
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