Forex Crunch Sponsor

Category: Weekly Forex Forecasts

EUR/USD Forecast May 20-24

EUR/USD suffered a second week of significant falls after euro-zone figures disappointed and the dollar kept advancing. Is the pair ready to recover or are we going to see more drops? Flash PMI’s and German Ifo Business Climate are the highlights of this week. Here is an outlook for the main events and an updated technical analysis for EUR/USD.

Eurozone economic data was hit by a constant flow of disappointing GDP numbers, dragging the 17-country currency bloc to its longest-ever recession. Germany the leading force in Europe failed to meet market expectations, growing a mere 0.1% in March. France contracted 0.2% in March and officially fell back to recession. The EU as a whole declined by 0.2%. Is the recovery awaiting us in H2 as the ECB estimates? In the meantime, the central bank continues to check out the possibility of a negative deposit rate, and this weighs on the euro. In the US, data hasn’t been all rosy, but the economy continues growing.

Read the rest of the article EUR/USD Forecast May 20-24
Forex Weekly Outlook May 20-24

Forex Weekly Outlook May 20-24

The US dollar had another impressive week, making significant gains against many currencies. A rate decision in Japan, Ben Bernanke’s testimony, the FOMC Meeting Minutes, and the German Ifo Business Climate are the top events on our calendar. Here is an outlook on the main market movers awaiting us this week. The dollar’s strength came

GBP/USD Outlook May 13-17

GBP/USD Outlook May 13-17

GBP/USD dropped sharply late in the week, as the pair lost over two cents. The pair closed the week at 1.5353. This week’s highlights is Claimant Count Change. Here is an outlook of the events and an updated technical analysis for GBP/USD. The pound’s rally hit a brick wall late last week, as the British trade deficit

AUD/USD Forecast May 13-17

AUD/USD Forecast May 13-17

The Australian dollar took a tumble, losing close to three cents against the US dollar this week. The pair dipped below the parity level, before closing at 1.0021. This week’s highlight is the Annual Budget Release. Here is an outlook of the events and an updated technical analysis for AUD/USD. In a surprise move, the RBA cut interest

USD/JPY Outlook May 13-17

USD/JPY Outlook May 13-17

USD/JPY was the big star of the week, finally breaking the 100 line and with a big blast. Is the road open to 105, or will we see some consolidation?Tertiary Industry Activity, GDP and Core Machinery Orders are the main events this week. Here’s an outlook for the Japanese events and an updated technical analysis for USD/JPY. The

USD/CAD Outlook May 13-17

USD/CAD Outlook May 13-17

USD/CAD was already very close to the parity line, but retreated on the dollar storm. Manufacturing Sales and inflation data are the main market-movers this week. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. Last week, Canada’s jobs report came out within expectations; unemployment rate remained 7.2% in

EUR/USD Forecast May 13-17

EUR/USD Forecast May 13-17

EUR/USD suffered a downfall at the end of busy week that saw the dollar surge across the board. Will the pair continue lower? German ZEW Economic Sentiment and GDP figures are the highlights of this week.  Here is an outlook on the events and an updated technical analysis for EUR/USD, now on lower ground. German

Forex Weekly Outlook May 13-17

Forex Weekly Outlook May 13-17

After being pressured for some time, the US dollar made a huge comeback, with USD/JPY finally breaking the 100 level. Will this continue? The recent moves added a lot of excitement. US Retail sales, German ZEW Economic Sentiment as well as US Inflation and employment data are the main market movers. Here is an outlook

USD/CAD Outlook May 6-10

USD/CAD Outlook May 6-10

The Canadian dollar rocked and rolled on international events, and now local events will move the loonie. Housing and employment data as well as Ivey PMI are at the top of our list this week. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. Last week, The Canadian economy grew by

GBP/USD Outlook May 6-10

GBP/USD Outlook May 6-10

GBP/USD continues to look sharp, adding close to one cent this week. The pair closed the week at 1.5574. This week’s highlights are Manufacturing Production and the Official Bank Rate. Here is an outlook of the events and an updated technical analysis for GBP/USD. The pound enjoyed another good week as the currency got a boost from last week’s British