Category: Weekly Forex Forecasts

NZD Downtrend Intact; We Stay Short – ANZ

The NEw Zealand dollar experienced more pressure in a week that saw a surge of the US dollar and another fall in the price of milk.

What’s next for the pair? The team at ANZ stays short:

Read the rest of the article NZD Downtrend Intact; We Stay Short – ANZ
GBP/USD Forecast May 25-29

GBP/USD Forecast May 25-29

After outstanding gains in the month of May, the British pound reversed sharply last week, losing about 250 points.  The pair closed at 1.5472. 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. UK inflation fell below 0%, to 0.1%. Also other inflation

USD/JPY Forecast May 25-29

USD/JPY Forecast May 25-29

USD/JPY rebounded last week with strong gains, as the yen lost over 200 points. The pair closed at 121.47. There are nine events this week. Here is an outlook on the major events moving the yen and an updated technical analysis for USD/JPY. US housing numbers were mixed and manufacturing numbers slipped, but the FOMC minutes were optimistic in tone, as policymakers remain

USD/CAD Forecast May 25-29

USD/CAD Forecast May 25-29

USD/CAD rebounded strongly last week, gaining close to 200 points. The pair closed the week just shy of the 1.22 line. This week’s major events are the overnight rate and GDP. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. The US continues to release lukewarm numbers, but the FOMC minutes were optimistic

AUD/USD Forecast May 25-29

AUD/USD Forecast May 25-29

The AUD/USD reversed directions last week, losing some 230 points. AUD/USD closed the week at 0.7814. There are only 5 events this week. Here is an outlook on the major market-movers and an updated technical analysis for AUD/USD. US housing numbers were mixed and manufacturing numbers slipped, but the FOMC minutes were optimistic in tone, as policymakers remain

EUR/USD Forecast May 25-29

EUR/USD Forecast May 25-29

EUR/USD changed course and fell in a week that saw central bank pressure from both sides. What lies on the road ahead? Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. Data in the euro-zone did not impress, with mixed PMIs and a slide in German confidence. But the trigger

Forex Weekly Outlook May 25-29

Forex Weekly Outlook May 25-29

The US dollar made a comeback and the greenback was a big loser in a week that saw trends change. And now, US Durable Goods Orders, Consumer Confidence as well as UK, Canadian and US GDP data stand out. These are the highlight events in Forex calendar. Here is an outlook on the main market-movers for this

GBP/USD Forecast May 18-22

GBP/USD Forecast May 18-22

The British pound posted strong gains for a second straight week, as  the pair gained about 270 points. The pair closed at 1.5708, the highest weekly close since early November 2014. It’s a busy week, with 12 events on the calendar. Here is an outlook on the major events moving the pound and an updated technical analysis for

USD/JPY Forecast May 18-22

USD/JPY Forecast May 18-22

USD/JPY lost ground last week, as the yen gained 70 points. The pair closed slightly above the 119 level, at 119.10. There are six events this week. Here is an outlook on the major events moving the yen and an updated technical analysis for USD/JPY. The yen posted gains last week, taking advantage of weak US numbers, in particular weak US retail sales.

AUD/USD Forecast May 18-22

AUD/USD Forecast May 18-22

The Australian dollar showed some volatility last week, and gained 100 points. AUD/USD closed the week at 0.8024, its first weekly closing above the 0.80 level since mid-January. There are 9 events this week. Here is an outlook on the major market-movers and an updated technical analysis for AUD/USD. The Australian dollar took advantage of strong Australian data last