Category: Weekly Forex Forecasts

AUD/USD Forecast Oct. 20-24

AUD/USD was marked by choppy trading this week and posted modest gains. AUD/USD closed at 0.8743. This week’s highlights are the RBA minutes and CPI. Here is an outlook on the major market-movers and an updated technical analysis for AUD/USD.

The US dollar lost ground to its Australian counterpart last week, thanks to soft US retail sales and another weak inflation reading from PPI. On a brighter note, Unemployment Claims tumbled and hit a 10-year low. In Australia, Business Confidence slipped, but New Motor Vehicle Sales posted a strong gain.

Read the rest of the article AUD/USD Forecast Oct. 20-24
GBP/USD Forecast Oct. 20-24

GBP/USD Forecast Oct. 20-24

The British pound showed some movement during the week but closed unchanged, at 1.6091. This week’s key events are Retail Sales and Preliminary GDP. Here is an outlook on the major events moving the pound and an updated technical analysis for GBP/USD. The US dollar held its own last week, despite weakness in US retail sales and a disappointing PPI reading.

USD/JPY Forecast Oct. 20-25

USD/JPY Forecast Oct. 20-25

The Japanese yen showed some strength last week, as USD/JPY touched 5-week lows. The pair closed at 106.87, but did manage to come close to the 105 line during the week. The upcoming week has just three events. Here is an outlook on the major events moving the yen and an updated technical analysis for USD/JPY. The US dollar shrugged off weakness in US retail

NZD/USD Forecast Oct. 20-24

NZD/USD Forecast Oct. 20-24

The New Zealand dollar had an exciting week, alongside all the market, and in general, showed a lot of strength. The main event in the upcoming week is the quarterly CPI release. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. Prices of milk changed course and rose by 1.4%, after a plunge of

USD/CAD Forecast October 20-24

USD/CAD Forecast October 20-24

The Canadian dollar returned to its losing ways last week, as USD/CAD gained about 100 points, closing at 1.1275. This week’s highlights are Core Retail Sales and the Overnight Rate. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. The US dollar shrugged off weakness in US retail sales and a poor PPI

EUR/USD Forecast Oct. 20-24

EUR/USD Forecast Oct. 20-24

EUR/USD had a wild week, where the weakness of the dollar beat the weakness of the euro and sent the pair higher in exciting market action. PMIs and the EU Economic Summit are set to stand out. Here is an outlook on the highlights of this week and an updated technical analysis for EUR/USD. Pessimism among

Forex Weekly Outlook October 20-24

Forex Weekly Outlook October 20-24

The US dollar was on the back foot against most currencies as volatility spiked and big moves provided opportunity and risk. US housing and inflation data, A rate decision in Canada and UK GDP are the lead events on our FX calendar. Here is an outlook on the major events for this week. Weak US retail

GBP/USD Forecast Oct. 13-17

GBP/USD Forecast Oct. 13-17

The British pound changed directions last week gaining about 100 points. GBP/USD closed the week at 1.6065. This week’s key events are CPI, Average Earnings Index and Claimant Count Change. Here is an outlook on the major events moving the pound and an updated technical analysis for GBP/USD. British releases were uneventful last week, and the BoE held steady with its monetary policy. In

AUD/USD Forecast Oct. 13-17

AUD/USD Forecast Oct. 13-17

AUD/USD posted strong gains last week but then retracted, as the pair was unchanged at the end of the week. AUD/USD closed at 0.8672. This week’s highlight is NAB Business Confidence. Here is an outlook on the major market-movers and an updated technical analysis for AUD/USD. In the US, the dollar got a significant blow from the FOMC minutes, where the Fed voiced its concern

NZD/USD Forecast Oct. 13-17

NZD/USD Forecast Oct. 13-17

The New Zealand dollar managed to stabilize after the storms, but 0.80 still seems unreachable. The price of milk takes center stage now. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. Business confidence continues falling according to the NZIER Business Confidence number, that slid to 19 points. On the other hand, a sell off