Category: Weekly Forex Forecasts

GBP/USD Outlook April 14-18

GBP/USD reversed directions last week and climbed 150 points. GBP/USD closed at 1.6728. 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.

There were no surprises from the Bank of England, as QE and interest levels remained unchanged. Strong manufacturing and GDP data helped lift the pound against a sagging US dollar. In the US, unemployment claims dropped to a six-year low and consumer sentiment wrapped up the week on a high note.

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AUD/USD Outlook April 17-21

AUD/USD Outlook April 17-21

AUD/USD continues to shine, posting gains of about a cent last week. The pair closed just below the 0.94 line. 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. The Aussie rise was fuelled by excellent employment data. In the US,

USD/CAD Outlook April 14-18

USD/CAD Outlook April 14-18

The Canadian dollar dropped below the 1.09 last week for the first time since January. However, it was unable to hold onto these gains and closed the week almost unchanged, at 1.0968. This week’s highlights include Manufacturing Sales, the Overnight Rate and Core CPI.  Here is an outlook on the major events and an updated technical analysis for USD/CAD.

USD/JPY Forecast Apr. 14-18

USD/JPY Forecast Apr. 14-18

The Japanese yen made a big comeback on the lack of action from the BOJ. Back in the previous range, what is next for the pair? 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, despite the hike in the sales tax.

NZD/USD Forecast Apr. 14-18

NZD/USD Forecast Apr. 14-18

The New Zealand dollar enjoyed the US dollar’s weakness to recover nicely and even break to new multi-year highs. The quarterly CPI release is the main event of the week. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. Business confidence remains solid in New Zealand, with NZIER Business Confidence holding high at 52

EUR/USD Forecast Apr 14-18

EUR/USD Forecast Apr 14-18

EUR/USD made an impressive comeback, breaking above the downtrend channel. Will the ECB talk the euro down, or is 1.40 the next target? Final CPI numbers and an important German survey are the highlights. Here is an outlook on the highlights of this week and an updated technical analysis for EUR/USD. The pair was already advancing nicely

Forex Weekly Outlook Apr. 14-18

Forex Weekly Outlook Apr. 14-18

The US dollar had a terrible week, falling across the board. Can it stabilize now, or will the sell off continue? US retail sales, German ZEW Economic Sentiment, US Inflation data, Janet Yellen and US Haruhiko Kuroda speeches, Unemployment Claims and the Philly Fed Manufacturing Index are the highlights of this week. Here is an

AUD/USD Forecast April 7-11

AUD/USD Forecast April 7-11

AUD/USD posted strong gains last week, climbing about 150 points. The pair closed at 0.9245. This week’s highlights are the Cash Rate and Retail Sales. Here is an outlook on the major market-movers and an updated technical analysis for AUD/USD. Australian data was uneventful last week, as the RBA maintained interest rates at 2.50%. RBA head Glenn

GBP/USD Outlook April 7-11

GBP/USD Outlook April 7-11

GBP/USD lost close to a cent last week, as the pair closed at 1.6567. This week’s highlight is Manufacturing Production. Here is an outlook for the main events moving the pound, and an updated technical analysis for GBP/USD. British PMIs missed their estimates last week, and the pound responded with losses. In the US, Non-farm Employment Change

USD/JPY Forecast Apr. 7-11

USD/JPY Forecast Apr. 7-11

The Japanese yen was on the defensive in the wake of the new fiscal year in Japan. It finally broke above the range. Can USD/JPY continue even higher? The rate decision in Japan takes center stage in a busy week. Here is an outlook on the major events moving the yen and an updated technical analysis for USD/JPY.