Category: Weekly Forex Forecasts

EUR/USD Forecast Feb. 2-6

EUR/USD managed to stabilize after the Greek elections in the last week of a turbulent month. Has it bottomed out or is gravity here to pull it lower? PMI figures are the highlights of the first week of February. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD.

Anti-austerity SYRIZA swept into power in Greece: while the bank stocks in Athens are suffering, the euro managed to bounce back quite quickly. An advance in German employment and business confidence together with good figures from Spain supported the common currency. However, deflation is deeper than expected, justifying the big QE move, and this includes Germany that opposed the move. In the US, the Fed made little changes in its statement, but did marginally upgrade the wording regarding the economy and job market. Data was mixed with disappointing durable,  good jobless claims and a slightly disappointing GDP number. What’s next? Let’s start:

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Forex Weekly Outlook Feb. 2-6

Forex Weekly Outlook Feb. 2-6

The dollar experienced a mixed week, in which its gains were focused against commodity currencies. The focus is on the US with a full buildup to the Non-Farm Payrolls, but also rate decisions stand out. These are forex market movers for this week. Check out these events on our weekly outlook US jobless claims plunged 43,000

GBP/USD Forecast Jan.  26-30 2015

GBP/USD Forecast Jan. 26-30 2015

The British pound sustained sharp losses last week, as GBP/USD closed the week below the 1.50 level. This was the first time the pair has slipped below this symbolic level since July 2013. This week’s major event is Preliminary GDP. Here is an outlook on the major events moving the pound and an updated technical analysis for GBP/USD.

NZD/USD Forecast Jan. 26-30 2015

NZD/USD Forecast Jan. 26-30 2015

The New Zealand dollar had a terrible week, falling to multi-year lows on weak inflation and a stronger US dollar.After the pair finally broke out of range, is it set to continue falling or recover? A lot depends on the RBNZ. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. Consumer prices fell

USD/JPY Forecast Jan. 26-30

USD/JPY Forecast Jan. 26-30

Despite the turmoil in the currency markets last week, USD/JPY was unchanged last week, closing at 117.73. There are eight events this week. Here is an outlook on the major events moving the yen and an updated technical analysis for USD/JPY. The BOJ policy statement did not contain any surprises, as the central bank maintained current monetary policy. Will

AUD/USD Forecast January 26-30 2015

AUD/USD Forecast January 26-30 2015

AUD/USD tumbled over 300 points last week, as the pair closed below the 0.80 line, its lowest level since July 2009. This week’s highlights include NAB Business Confidence, CPI and PPI. Here is an outlook on the major market-movers and an updated technical analysis for AUD/USD. With the currency markets in disarray following the SNB shocker and

USD/CAD Forecast Jan. 26-30

USD/CAD Forecast Jan. 26-30

The Canadian dollar was in free-fall lost week, falling a remarkable 450 points. USD/CAD closed the week at 1.2411, its highest level since April 2009. This week’s sole release is GDP. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. The loonie tumbled after the Bank of Canada unexpectedly cut

EUR/USD Forecast Jan. 26-30 2015

EUR/USD Forecast Jan. 26-30 2015

EUR/USD had one of its worst weeks, collapsing by nearly 400 pips in total on the massive QE decision. The pair has no time to rest as it is facing the Greek elections and fresh inflation numbers among other events. Will it find a bottom after 6 weeks of falls or continue sliding? Here is an outlook for the

Forex Weekly Outlook Jan. 26-30

Forex Weekly Outlook Jan. 26-30

The US dollar was in full control and the euro was the big loser in an exciting week of trading. There is not much time to rest as a new week begins with the results of the Greek Elections and is followed by GDP data from the US, the UK and Canada and the Fed

GBP/USD Forecast January 19-23 2015

GBP/USD Forecast January 19-23 2015

The British pound showed strong movement in both directions, but GBP/USD closed the week almost unchanged. The pair closed at 1.5150. This week’s major events are Claimant Change and Retail Sales. Here is an outlook on the major events moving the pound and an updated technical analysis for GBP/USD. Inflation levels continued to drop in December,