Category: Weekly Forex Forecasts

USD/CAD Forecast Aug. 31-Sep. 4

USD/CAD gained strength early in the week but then retracted and was almost unchanged on the week, as the pair closed just under the 1.32 line. There are six events this week, highlighted by GDP and Employment Change. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD.

In the US, Preliminary GDP beat expectations but home sales and consumer sentiment disappointed. There were no major Canadian releases last week.

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AUD/USD Forecast Aug. 31-Sep. 4

AUD/USD Forecast Aug. 31-Sep. 4

AUD/USD started the week with sharp drops due to the China crisis, but recovered and ended the week with modest losses. The pair closed the week at 0.7170. The upcoming week is a busy one, with 14 events on the schedule. Here is an outlook on the major market-movers and an updated technical analysis for AUD/USD. The Aussie took a tumble early in [&hellip

GBP/USD Forecast Aug. 31-Sep. 4

GBP/USD Forecast Aug. 31-Sep. 4

It was a dismal week for GBP/USD, which plunged almost 300 points. The pair closed the week at 1.5384, its lowest weekly close since early June. This week’s highlights are the PMI reports. Here is an outlook on the major events moving the pound and an updated technical analysis for GBP/USD. The financial meltdown due to [&hellip

NZD/USD Forecast Aug. 31 – Sep. 4

NZD/USD Forecast Aug. 31 – Sep. 4

The New Zealand dollar suffered badly from the global stock market crash but managed to recover. What’s next? The dairy auction and business confidence are the highlights. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. The crash of stock markets hurt the “risk” sentiment and the kiwi was certainly a victim, especially as [&hellip

USD/JPY Aug. 31-Sep. 4

USD/JPY Aug. 31-Sep. 4

USD/JPY plunged to start off the week but recovered and ended the week unchanged. The upcoming week has seven events, highlighted by Average Cash Earnings. Here is an outlook on the major events moving the yen and an updated technical analysis for USD/JPY. The yen rose sharply early in the week in response to the financial meltdown due to the Chinese [&hellip

EUR/USD Forecast Aug. 31 – Sep. 4

EUR/USD Forecast Aug. 31 – Sep. 4

Roller coaster does not begin to describe the week that EUR/USD underwent. A leap to highs unseen in months continued with big fall. Volatility is set to continue as traders return to their desks and the ECB makes its statement. Apart from Draghi we also have employment, inflation and PMI data. Here is an outlook for the highlights of [&hellip

Forex Weekly Outlook Aug 31-Sep 4

Forex Weekly Outlook Aug 31-Sep 4

Markets did not go on an August vacation in a week that saw extreme volatility. The US dollar emerged as a big winner but it wasn’t always this way. A very busy week awaits us: rate decisions in Australia and the Eurozone, GDP data from Canada and Australia, and a full buildup to the the all-important [&hellip

GBP/USD Forecast Aug. 24-28

GBP/USD Forecast Aug. 24-28

GBP/USD had a largely uneventful week and closed almost unchanged. The pair closed the week at 1.5670. This week’s highlight is Second Estimate GDP. Here is an outlook on the major events moving the pound and an updated technical analysis for GBP/USD. The Fed minutes brought more uncertainty to the timing of a rate hike, [&hellip

USD/JPY Forecast Aug. 24-28

USD/JPY Forecast Aug. 24-28

USD/JPY plunged about 250 points last week as the pair closed at 121.92. This marked the pair’s lowest weekly close since mid-May. The upcoming week has just four events. Here is an outlook on the major events moving the yen and an updated technical analysis for USD/JPY. The Fed minutes did not remove market uncertainty about the timing of a rate hike, as the Fed [&hellip

AUD/USD Forecast Aug. 24-28

AUD/USD Forecast Aug. 24-28

AUD/USD posted modest losses for a second straight week, as the pair closed just above the 0.73 level. This week has just four events, highlighted by Private Capital Expenditure. Here is an outlook on the major market-movers and an updated technical analysis for AUD/USD. The Fed minutes brought more uncertainty to the timing of a rate hike, as [&hellip

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