Category: Weekly Forex Forecasts
EUR/USD Outlook February 6-10 2012
Euro/dollar remained steady as the US was in the limelight and the debt crisis was on the back burner. Greece returns to center stage. Will a solution be found? Or is a fall awaiting us?. The main event this week is the rate decision. Here is an outlook for the upcoming events and an updated technical analysis
AUD/USD Outlook Feb. 6-10
The Australian dollar continued to strengthen against the dollar, climbing over 100 pips, and reaching just shy of the 1.08 level. 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 Australian economy, with its great dependence on exports, has been hit hard by the global
NZD/USD Outlook February 6-10
The kiwi continued rallying higher for another week. Is it unstoppable? 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 new housing approvals jumped 2.1% in December rising 13% in from a year earlier; however 2011 has been a bad year
USD/CHF Outlook Feb. 6-10 2012
The Swiss franc took a break from its recent huge rally against the US dollar, showing little change on the week. There are four releases in the upcoming week. Here is an outlook for the Swiss events, and an updated technical analysis for USD/CHF. USD/CHF has been trading in range, mirroring euro/dollar. The markets continue to wait for a
USD/CAD Outlook February 6-10
The Canadian dollar had an excellent week, riding on good figures from the US rather than from its own data. After closing under parity, can the pair move further down? Ivey PMI and housing data are the highlight of this week. Here’s an outlook for the Canadian events and an updated technical analysis for USD/CAD. Last week,
Forex Weekly Outlook February 6-10
A volatile week left the dollar in a better position, as QE3 and a solution for Greece are both very uncertain. Will the dollar reverse its previous losses now? Rate decisions in the euro-zone, the UK and Australia are the main market movers this week. Here is an outlook on what lies ahead. Last week
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