Category: Weekly Forex Forecasts

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 1.9%, while unemployment claims fell sharply and the unemployment rate dipped to 6.5%. In the US, Janet Yellen testified on Capitol Hill, hinting that a rate hike could come earlier if inflation and employment numbers improve faster than expected. US housing and consumer confidence numbers were weak, while Unemployment Claims impressed.

Read the rest of the article GBP/USD Forecast July 21-25
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

USD/CAD Forecast July 21-25

USD/CAD Forecast July 21-25

USD/CAD was unchanged at the end of the week, closing at 1.0732. The upcoming week is very quiet, with just two events. Here is an outlook on the major events and an updated technical analysis for USD/CAD. As expected, the BOC left interest rates at 1.0%. Inflation numbers matched expectations, while Manufacturing Sales and Wholesale Sales both posted strong

NZD/USD Forecast July 21-25

NZD/USD Forecast July 21-25

The New Zealand dollar dropped from the highs and basically marked a double top. The focus this week is clearly the rate decision. Will the RBNZ hike or not? Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. It was a bad week for the kiwi: inflation came out below expectations with only 0.3%

EUR/USD Forecast July 21-25

EUR/USD Forecast July 21-25

EUR/USD lost ground in a week that saw the odds turn against it. The Bundesbank Monthly Report, Manufacturing and Services PMIs and the German Ifo Business Climate are the major events on our calendar. Here is an outlook on the highlights of this week and an updated technical analysis for EUR/USD. Germany’s ZEW Economic Sentiment registered another

Forex Weekly Outlook July 21-25

Forex Weekly Outlook July 21-25

The dollar and the yen advanced as geo-political issues grabbed the headlines towards the end of the week. US housing and inflation data, British GDP are among the main events on the FX calendar this week. Here is an outlook on the main market-movers ahead. Janet Yellen faced a grilling in Washington and made an

AUD/USD Forecast July 14-18

AUD/USD Forecast July 14-18

AUD/USD was almost unchanged last week, as the pair closed at 0.9352. This week’s highlight is the RBA Monetary Policy Meeting Minutes. Here is an outlook on the major market-movers and an updated technical analysis for AUD/USD. Australian employment data was a mix, as Employment Claims rebounded but the unemployment rate moved upwards. This weighed on the

GBP/USD Forecast July 14-18

GBP/USD Forecast July 14-18

The high-flying pound took a breather last week, as GBP/USD posted modest losses. The pair closed at the round number of 1.71. This week’s highlights are CPI and Claimant Count Change. Here is an outlook for the main events moving the pound, and an updated technical analysis for GBP/USD. British Manufacturing Production surprised with a sharp drop, while NIESR

USD/JPY Forecast July 14-18

USD/JPY Forecast July 14-18

USD/JPY dropped within the range as fear took some hold on the markets. The strengthening of the dollar was outweighed by the advance of the yen . The rate decision is the main event of the week. Here is an outlook on the major events moving the yen and an updated technical analysis for USD/JPY. Japanese figures haven’t been