Category: Weekly Forex Forecasts

GBP/USD Forecast Sep. 1-5

The British pound remained on low ground, licking its wounds. The new month offers a very busy calendar, with the rate decision and PMIs standing out. Can cable recover? Here is an outlook for the main events moving the pound, and an updated technical analysis for GBP/USD.

BBA mortgage approvals dropped to 42.8K, below expectations while CBI realized sales rose beyond predictions. In the US, growth came out better than expected and other indicators were mostly positive. The pound eventually surrendered to the greenback’s strength.  The focus now shifts to the UK.

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AUD/USD Forecast Sep. 1-5

AUD/USD Forecast Sep. 1-5

AUD/USD showed a lot of strength, resisting the greenback and eventually moving higher. Can this continue without a response from the RBA? The rate decision and GDP are the big events in a very busy week that consists of no less than 16 indicators . Here is an outlook on the major market-movers and an updated technical analysis

NZD/USD Forecast Sep. 1-5

NZD/USD Forecast Sep. 1-5

The New Zealand dollar had another heavy week due to the greenback’s strength and the big trade deficit at home. The light calendar at the wake of the new month doesn’t mean a lack of action. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. New Zealand trade balance turned negative with a first deficit

USD/JPY Forecast Sep. 1-5

USD/JPY Forecast Sep. 1-5

USD/JPY remained on high ground in the last week of summer. As traders return, the main event this week is the rate decision in Japan. Will Kuroda signal new moves? Here is an outlook on the major events moving the yen and an updated technical analysis for USD/JPY. US data was mostly positive, continuing the trend seen

EUR/USD Forecast Sep. 1-5

EUR/USD Forecast Sep. 1-5

EUR/USD started the week lower and could never recover. Expectations are higher for new policy measures from the ECB. Will Draghi deliver? Apart from the ECB, we have PMIs and some interesting German data . Here is an outlook on the highlights of this week and an updated technical analysis for EUR/USD. Draghi’s dovish words in Jackson Hole

Forex Weekly Outlook September 1-5

Forex Weekly Outlook September 1-5

The euro was the big loser in a week that otherwise saw some profit taking on dollar longs. The first week of September is packed with top tier events as traders return from their vacations. Rate decisions in Australia, Canada, Japan, the UK, and most importantly the euro-zone, and US PMIs leading up to the all-important

USD/CAD Forecast Aug. 25-29

USD/CAD Forecast Aug. 25-29

USD/CAD came close to the 1.10 line, but  then retracted and showed little change over the week. This week’s highlight is GDP. Here is an outlook on the major events and an updated technical analysis for USD/CAD. Canadian inflation remains in the doldrums, as CPI numbers declined in July. On a brighter note, retail sales were excellent. In the US, the economy continues to point

GBP/USD Forecast Aug. 25-29

GBP/USD Forecast Aug. 25-29

The British pound had another rough week, losing about 150 points. The pair closed the week at 1.6563, its lowest level since early April. The upcoming week has a light schedule and there are no major events. Here is an outlook for the main events moving the pound, and an updated technical analysis for GBP/USD. In the UK, the

NZD/USD Forecast Aug. 25-29

NZD/USD Forecast Aug. 25-29

The New Zealand dollar continued struggling and dipped below 0.84. The calendar builds up with trade balance and the ANZ Business Confidence grabbing the attention. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. More weakness in milk prices was joined by a surprising drop in quarterly producer prices, by 1%. Also inflation expectations

USD/JPY Forecast Aug. 25-29

USD/JPY Forecast Aug. 25-29

USD/JPY moved higher as the Japanese yen surrendered to the greenback’s strength across the board. Inflation data is the highlight among a list of indicators. Here is an outlook on the major events moving the yen and an updated technical analysis for USD/JPY. Japan recorded a wider trade balance deficit than expected, 1.02 trillion yen, but the