Category: Weekly Forex Forecasts

NZD/USD Forecast Jul. 28 – Aug. 1

The New Zealand dollar was hit hard despite a rate hike. Where will it find a bottom? As the calendar is light, the kiwi is likely to continue digesting the words coming out of the central bank. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD.

Yes, the RBNZ hiked the interest rate for the fourth consecutive time to 3.50%, but certainly changed its tone: it upped the ante against the strength of the kiwi and signaled a longer than predicted pause. In the US, the picture is mixed: excellent jobless claims and new home sales are met with weak new home sales and unconvincing inflation. Where will the pair go next?

Read the rest of the article NZD/USD Forecast Jul. 28 – Aug. 1
GBP/USD Forecast July 28-Aug.1

GBP/USD Forecast July 28-Aug.1

GBP/USD took a tumble last week, as the pound coughed up over a 100 points and slipped below the 1.70 level. The pair closed the week at 1.6964. This week’s highlight is Manufacturing PMI. Here is an outlook for the main events moving the pound, and an updated technical analysis for GBP/USD. British releases were positive last week, led by GDP which posted a strong

AUD/USD Forecast July 28-Aug. 1

AUD/USD Forecast July 28-Aug. 1

AUD/USD was unchanged for a third consecutive week, as the pair closed at 0.9384. This week’s highlight are Building Approvals and PPI. Here is an outlook on the major market-movers and an updated technical analysis for AUD/USD. Australian releases were uneventful last week, as CPI matched the forecast. In the US, housing, employment and manufacturing data was excellent, but the

USD/CAD Forecast July 28-Aug. 1

USD/CAD Forecast July 28-Aug. 1

The Canadian dollar sagged on Friday, as USD/CAD pushed above the 1.08 level, closing at 1.0803. On the release front, it’s another quiet week, with only two events. Here is an outlook on the major events and an updated technical analysis for USD/CAD. Canadian retail sales were a mixed bag and had little effect on the pair. In

USD/JPY Forecast Jul. 28 – Aug. 1

USD/JPY Forecast Jul. 28 – Aug. 1

USD/JPY rose from the lows approaching the well known 102 line once again in a week that saw lots of dollar strength. Will it pick a direction now? Consumer related figures such as retail sales and household spending stand out  Here is an outlook on the major events moving the yen and an updated technical analysis for USD/JPY. In

EUR/USD Forecast Jul 28-Aug 1

EUR/USD Forecast Jul 28-Aug 1

EUR/USD lost ground for another week and reached levels last seen in November 2013. Will it continue lower? Inflation numbers stand out among the wide list of releases due. Here is an outlook on the highlights of this week and an updated technical analysis for EUR/USD. Eurozone PMIs improved in June and the unemployment rate

Forex Weekly Outlook Jul. 28 – Aug. 1

Forex Weekly Outlook Jul. 28 – Aug. 1

The US dollar advanced nicely in a week that saw mixed data. A triplet of top tier US events dominates the scene: Q2 GDP, the Fed meeting and the Non-Farm Payrolls. There are other important indicators in the US and elsewhere. Here is an outlook on the major events coming our way. Geo-politics continued to dominate the

GBP/USD Forecast July 21-25

GBP/USD Forecast July 21-25

GBP/USD showed slight losses for a second straight week as the pair slipped below the 1.71 line, closing at 1.7081. This week’s highlights are Retail Sales and Preliminary GDP. Here is an outlook for the main events moving the pound, and an updated technical analysis for GBP/USD. British data looked sharp last week, but the pound failed to take advantage. CPI jumped to

USD/JPY Forecast July 21-25

USD/JPY Forecast July 21-25

USD/JPY traded within the known ranges once again. Inflation numbers and the trade balance are in the limelight. Here is an outlook on the major events moving the yen and an updated technical analysis for USD/JPY. The Bank of Japan made no change in policy and left the yen hanging out there. Nevertheless, doubts creeping about the

AUD/USD Forecast July 21-25

AUD/USD Forecast July 21-25

AUD/USD was unchanged for a second straight week, as the pair closed at 0.9382. This week’s highlight is CPI. Here is an outlook on the major market-movers and an updated technical analysis for AUD/USD. Australian data was uneventful last week. The RBA minutes indicated that policymakers continue to be concerned about the high value of the