Category: Weekly Forex Forecasts

EUR/USD Forecast Apr. 27 – May 1

EUR/USD had a choppy week, feeling some pressure but not falling too far. Inflation data stands out just before the May 1st holiday. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD.

Greek headlines drifted between deteriorating conditions and Grexit talk to optimism or at least a deadline delay. This had a growing impact on the common currency. For a change, most euro-zone figures fell short of expectations and that also took its toll. In the US, data began looking better, with existing home sales beating expectations. But it’s far from looking rosy and as the week advanced, the dollar was hit by weak data. All in all, it’s a mixed picture with quite a lot of action.

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NZD/USD Forecast Apr. 27 – May 1

NZD/USD Forecast Apr. 27 – May 1

The New Zealand dollar reached for the sky but met the RBNZ there, and couldn’t maintain the gains. It now faces a bigger test from the Bank: the rate decision. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. Inflation in New Zealand is lower than expected: a drop of 0.3% in quarterly

Forex Weekly Outlook Apr 27-May 1

Forex Weekly Outlook Apr 27-May 1

The US dollar did not get support from the US economy and retreated. A busy week awaits us at the turn of the month: GDP from the UK, the US and Canada and three rate decisions. The Federal Reserve stands out. These are the major events lined up for this week. Join us as we explore the

AUD/USD Forecast Apr. 20-24

AUD/USD Forecast Apr. 20-24

The Australian dollar took advantage of a broadly-weak US dollar, gaining over 100 points. AUD/USD closed the week at 0.7774. The upcoming week has eight events, highlighted by Employment Change. Here is an outlook on the major market-movers and an updated technical analysis for AUD/USD. The US dollar took it on the chin last week from the

GBP/USD Forecast Apr. 20-24

GBP/USD Forecast Apr. 20-24

The British pound bounced back in spectacular style last week, as GBP/USD gained over 300 points. The pair closed at 1.4946. This week’s highlight is Retail Sales. Here is an outlook on the major events moving the pound and an updated technical analysis for GBP/USD. The US dollar took it on the chin last week, as the markets reacted

USD/CAD Forecast Apr. 20-24

USD/CAD Forecast Apr. 20-24

The Canadian dollar had one of its best weeks in recent memory, jumping 250 points. USD/CAD closed the week at 1.2224. The upcoming week is a quiet one, with just four releases. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. The US dollar took a beating from its Canadian counterpart, as US economic reports disappointed, led by retail sales and housing

USD/JPY Forecast Apr. 20-24

USD/JPY Forecast Apr. 20-24

USD/JPY reversed directions last week and lost over 100 points. The pair closed at 118.75. The upcoming week is a quiet one, with just five events. Here is an outlook on the major events moving the yen and an updated technical analysis for USD/JPY. The US dollar lost ground on disappointing economic reports, including retail sales and housing data. There was better

NZD/USD Forecast Apr. 20-24

NZD/USD Forecast Apr. 20-24

The New Zealand dollar hit new highs against the greenback, mostly due to the latter’s weak performance. CPI is the main event this week. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. Business confidence remained stable at 23 points according to NZIER and so did the business NZ manufacturing index. This countered yet another

EUR/USD Forecast Apr. 20-24

EUR/USD Forecast Apr. 20-24

EUR/USD managed to stage a nice recovery, mostly thanks to the US dollar’s weakness. Can it continue higher? German surveys, PMIs and yet another discussion on Greece stand out this week. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. The ECB made no changes and also made it clear

Forex Weekly Outlook Apr. 20-24

Forex Weekly Outlook Apr. 20-24

The US dollar had a rough week in which mostly weak economic data hit the greenback. Can hope for a recovery in Q2 help it or are more falls expected? Inflation data in New Zealand and Australia, US Durable Goods Orders and various central bank speeches are the highlights of this week. Here is an outlook on the