Category: Weekly Forex Forecasts

Forex Weekly Outlook July 6-10

Greece has been left front and center, with safe haven currencies riding higher and commodity currencies lower. The climax is still ahead of us. The week commences with the Greek referendum but there are other important events as well: US ISM Non-Manufacturing PMI, the FOMC Meeting Minutes, rate decisions in Australia and the UK and more. These are the major Forex events for the coming week. Join us as we explore these main market-movers.

The Greek crisis has dominated the news. The situation deteriorated as talks broke down. Banks are closed, the country failed to pay the IMF and all eyes are now on the referendum on Sunday, where polls show a close race. However, this is far from being the end of the story, especially as we learned that the IMF supports debt restructuring. While Greece is only 2% of the euro-zone economies, the political implications are huge. For the euro, the reaction was mixed: a Sunday gap was followed by a rally (for various reasons), but this was eventually eroded.

Read the rest of the article Forex Weekly Outlook July 6-10
USD/JPY Forecast June 29 – July 3

USD/JPY Forecast June 29 – July 3

USD/JPY pushed higher, gaining about 100 points on the week. This week’s highlights are Retail Sales and the Tankan Indices. Here is an outlook on the major events moving the yen and an updated technical analysis for USD/JPY. US Final GDP posted a slight decline, but housing numbers were strong, and the week ended with excellent consumer sentiment data.

GBP/USD Forecast June 29 – July 3

GBP/USD Forecast June 29 – July 3

GBP/USD sustained sharp losses last week, losing close to 200 points. There are 10 events this week, highlighted by the PMI reports. Here is an outlook on the major events moving the pound and an updated technical analysis for GBP/USD. In the US, Final GDP posted a slight decline, but housing numbers were strong, and the week ended

AUD/USD Forecast June 29 – July 3

AUD/USD Forecast June 29 – July 3

AUD/USD softened late in the week, and lost about 80 points over the week. The pair closed the week at 0.7746. It’s a busy week ahead, with just 11 events on the calendar. Here is an outlook on the major market-movers and an updated technical analysis for AUD/USD. In the US, Final GDP posted a slight decline, but housing numbers

USD/CAD Forecast June 29 – July 3

USD/CAD Forecast June 29 – July 3

It was another uneventful week for the Canadian dollar as USD/CAD was unchanged. The pair closed the week at the 1.23 line. The upcoming week has just two events, but the GDP release could have a strong effect on the movement of USD/CAD.  Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. In the US housing numbers

NZD/USD Forecast June 29 – July 3

NZD/USD Forecast June 29 – July 3

The New Zealand dollar found it hard to recover after the previous blows and reached new lows. The focus is now on the bi-weekly milk auction and the ANZ Business Confidence.Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. Consumer sentiment dipped in Q1 according to Westpac. Also visitor arrivals slowed down. On the

EUR/USD Forecast June 29 – July 3 – Greek crisis reaches deadline

EUR/USD Forecast June 29 – July 3 – Greek crisis reaches deadline

EUR/USD was watching Greece very carefully with contrasting news causing confusion. The story became more dramatic after markets closed with the announcement of post-deadline referendum. In the last and busy week of H2, we have important inflation numbers and PMIs. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. The

Forex Weekly Outlook Jun 29-Jul 3

Forex Weekly Outlook Jun 29-Jul 3

The US dollar gained some ground in a week that focused on the Greek crisis. Apart from the worsening crisis, the new quarter brings the NFP with a short buildup as well as GDP figures. It’s going to get busy. These are the major events on Forex calendar. Join us as we explore the market

USD/JPY Forecast June 22-26

USD/JPY Forecast June 22-26

USD/JPY had an uneventful week, as the pair posted slight losses, closing at 122.54. The upcoming week is a quiet one, with just five events on the calendar. Here is an outlook on the major events moving the yen and an updated technical analysis for USD/JPY. In the US, the news was mixed as inflation slipped, while employment and

GBP/USD Forecast June 22-26

GBP/USD Forecast June 22-26

GBP/USD had another excellent week, gaining 300 points. The pair closed at 1.5865, its highest weekly close since October. There are 5 events this week. Here is an outlook on the major events moving the pound and an updated technical analysis for GBP/USD. The US continued to post mixed readings as inflation slipped, while employment and manufacturing