Category: Weekly Forex Forecasts

USD/JPY Forecast Dec. 22-26

The yen showed some strength during the week but gave up these gains and more, as USD/JPY climbed 140 points last week. There are nine events this week. Here is an outlook on the major events moving the yen and an updated technical analysis for USD/JPY.

The highlight of the week was the Federal Reserve policy statement. Market analysts noted that previous statements have usually stated that the Fed would maintain low rates for a “considerable time”, but the December statement changed terminology, saying the Fed would be “patient” before raising rates. The statement was followed by a hawkish Yellen, which pushed hard on the yen. Yellen was more clear than the Fed statement, hinting broadly that the Fed could raise rates as early as the second quarter of 2015. In Japan, the BOJ maintained its monetary stance, a policy which has led to a yen trading at multi-year lows against the US dollar.

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GBP/USD Forecast Dec. 22-26

GBP/USD Forecast Dec. 22-26

The British pound had a tough week, as GBP/USD lost about 100 points. The pair closed the week at 1.5617. The upcoming week is very quiet, highlighted by Current Account. Here is an outlook on the major events moving the pound and an updated technical analysis for GBP/USD. Last week’s highlight was the highly-anticipated Federal Reserve policy statement. Market analysts noted

AUD/USD Forecast Dec. 22-26

AUD/USD Forecast Dec. 22-26

The Australian dollar lost about 100 points last week, as the currency continues to struggle against its US counterpart. AUD/USD closed the week at 0.8120, its lowest level since June 2010. The week leading up to Christmas is very quiet, with only one release, CB Leading Index. Here is an outlook on the major market-movers and an updated technical

USD/CAD Forecast Dec. 22-26

USD/CAD Forecast Dec. 22-26

The Canadian dollar lost ground early in the week but ended the week almost unchanged.  USD/CAD closed the week just above the 1.16 line. It’s a very quiet week leading to the Christmas holiday, with just one release, GDP. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. The Fed released an eagerly-awaited policy statement

NZD/USD Forecast Dec. 22-26

NZD/USD Forecast Dec. 22-26

The New Zealand dollar had a balanced week. Good data at home kept the kiwi bid against the USD storm but the currency eventually closed lower. Trade balance is the main event of the week. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. The New Zealand economy grew by a full percentage point

EUR/USD Forecast Dec. 22-26

EUR/USD Forecast Dec. 22-26

EUR/USD dropped to lower levels in the last full week of the year as the monetary policy divergence was seen once again. Can it break to lower ground during this week of light Christmas trading? Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. While Germany saw better manufacturing PMI

Forex Weekly Outlook December 22-26

Forex Weekly Outlook December 22-26

The US dollar enjoyed wide gains in the last full week before the holidays. Will the ride continue also on thin liquidity? GDP data from Canada and the US, US Durable Goods Orders, New Home Sales, and unemployment claims are the major topics in Forex calendar. heck out these events on our weekly outlook. Last week, Federal Reserve

NZD/USD Forecast Dec. 15-22

NZD/USD Forecast Dec. 15-22

The New Zealand dollar reached new lows but certainly managed to recover, thanks to the RBNZ. We now have quarterly GDP among other events in a busy week for the kiwi. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. The central bank of New Zealand surprised by both maintaining its hiking bias and

GBP/USD Forecast Dec. 15-19

GBP/USD Forecast Dec. 15-19

The British pound posted strong gains last week, as GBP/USD climbed about 120 points. The pair closed just shy of the 1.57 line. The upcoming week is a busy one, highlighted by Claimant Count Change and Retail Sales. Here is an outlook on the major events moving the pound and an updated technical analysis for GBP/USD. The US dollar boasted some

USD/JPY Forecast Dec. 15-19

USD/JPY Forecast Dec. 15-19

USD/JPY continues to show movement in December, as the yen gained close to 300 points last week. This week’s key event is the BOJ Policy Statement. Here is an outlook on the major events moving the yen and an updated technical analysis for USD/JPY. The US dollar boasted some upbeat data last week, including a strong retail sales report and an excellent consumer confidence report.