Category: Weekly Forex Forecasts
AUD/USD Outlook January 30 – February 3
The Australian dollar had another outstanding week against the greenback, climbing almost 200 points. The upcoming week is extremely busy, with nine indicators being released. Here is an outlook for the Australian events, and an updated technical analysis for AUD/USD. The US dollar weakened against most major currencies following Bernanke’s announcement that interest rates will likely remain near zero until late 2014. However,
GBP/USD Outlook January 30 – February 3
The British pound had another stellar week, climbing almost 200 pips against the US dollar, and breaking the 1.57 level. The upcoming week has seven releases, including GDP. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD. The dollar weakened against most major currencies following Bernanke’s announcement that interest rates will
EUR/USD Outlook Jan. 30 – Feb. 3 2012
Euro/dollar had a fantastic week, rising on fresh hope for Greece and from a weaker dollar, courtesy of Ben Bernanke. The upcoming week starts with an important summit and is packed with economic indicators. Here is an outlook for the week’s events, and an updated technical analysis for EUR/USD. Bernanke’s pledge to keep interest rates at
USD/JPY Outlook Jan. 30 – Feb. 3
Dollar/yen made a sharp move higher but couldn’t break resistance eventually ended the week lower. Household Spending and Industrial Production are the major events this week. Here’s an outlook for the Japanese events and an updated technical analysis for USD/JPY. Last week The Bank of Japan maintained its interest rate at 0-0.10% and did not alter its 55 trillion yen quantitative easing program
USD/CHF Outlook January 30 – February 3
The Swiss franc continued its impressive rally against the dollar last week, closing just above the 0.91 level. The upcoming week has four releases. Here is an outlook for the Swiss events, and an updated technical analysis for USD/CHF. The dollar continued to retreat, despite stronger US economic figures. The franc continues to roll, and the big question now is: will the dollar
NZD/USD Outlook Jan. 30 – Feb. 3
Building Consents and employment data are the major events this week. Here’s an outlook for the events in New Zealand, and an updated technical analysis for NZD/USD Last week the Reserve Bank of New Zealand maintained its benchmark interest rate at 2.50% in light of ongoing uncertainty concerning global market conditions. Meanwhile Trade balance swung to surplus in
USD/CAD Outlook Jan. 30- Feb. 3
The Canadian dollar is touching parity with the greenback after another week of gains. Gross Domestic Product and employment figures are the highlights of this week. Here’s an outlook for the Canadian events and an updated technical analysis for USD/CAD. Ben Bernake’s extended rate pledge and hints of QE3 certainly helped weaken the US dollar. In Canada,
Forex Weekly Outlook Jan. 30- Feb. 3
The US dollar made a big retreat for a second week in a row. Will it continue falling? The Non-Farm Payrolls release is the highlight of a very busy week, which includes many figures from the US . Here is an outlook on the main market-movers coming our way. Ben Bernanke weakened the dollar with
USD/CHF Outlook January 23-27
The Swiss franc gained over 200 pips against the dollar last week, closing at the 0.9330 level. The upcoming week is a quiet one, with only one release. Here is an outlook for the Swiss events, and an updated technical analysis for USD/CHF. The Euro had an outstanding week against the major currencies, and the Swiss franc took full
NZD/USD Outlook January 23-27
The New Zealand dollar seems unstoppable and continued pushing higher.for a fifth week in a row. RBNZ Rate Statement is the major event this week. Here’s an outlook for the events in New Zealand, and an updated technical analysis for NZD/USD Last week New Zealand business confidence plunged from 25 to 0 in the 4th quarter. The private