Category: Weekly Forex Forecasts
USD/JPY Outlook Apr. 30-May 4
Dollar/yen continued moving down, despite more QE in Japan and no QE3 in the US. Will the Japanese authorities intervene at these levels? Average Cash Earnings is the major event this week. Here’s an outlook for the Japanese events and an updated technical analysis for USD/JPY. Last week the BOJ held its monetary policy meeting and decided to loosen further its
NZD/USD Outlook Apr. 30 -May 4
Kiwi/dollar dipped to lower ground but eventually climbed back up and remained in range. A busy week awaits us at the beginning of the month: NBNZ Business Confidence and employment data are the main events this week. Here’s an outlook for the events in New Zealand, and an updated technical analysis for NZD/USD. Last week, New Zealand’s central
USD/CAD Outlook Apr.30 – May 4
The Canadian dollar enjoyed the weakness of the greenback and reached a 7 month high. We will now see how the Canadian economy is doing with key indicators. GDP and Ivey PMI are the major events this week. Here’s an outlook for the Canadian events and an updated technical analysis for USD/CAD. Last week, a slowdown in
Forex Weekly Outlook Apr. 30 – May 4
The US dollar retreated for a second week in a row, even though QE3 isn’t exactly around the corner. The upcoming week is packed with key US events that lead to the highly anticipated Non-farm Payrolls report on Friday. Was the weakness in jobs last month temporary or not? Also note rate decisions in the
NZD/USD Outlook April 23-27
NZD/USD slid within the same range, erasing previous gains. The rate decision is the highlight of this week. Here’s an outlook for the events in New Zealand, and an updated technical analysis for NZD/USD Last week New Zealand’s consumer price index increased in the first quarter by 0.5% following a 0.3% decline in the 4th quarter of 2011. The rise
USD/JPY Outlook April 23-27
Dollar/yen moved higher as the Japanese determination to weaken the yen overcame the soft US data. We will now see how serious the BOJ is with its rate decision. There are other events as well. Here’s an outlook for the Japanese events and an updated technical analysis for USD/JPY. Last week, the governor of the BOJ Masaaki Shirakawa announced
EUR/USD Outlook April 23-27
Euro/dollar eventually climbed in the wide range, as positive German data and US weakness countered worries about Spain. The upcoming week will provide a forward looking view of the economy via the PMIs and a test of the debt crisis with an Italian bond auction among other events. Here is an outlook for the upcoming events and
AUD/USD Outlook April 23-27
AUD/USD had a quiet week, as the pair traded in a narrow range, and closed the week at 1.0378. The upcoming week has four releases, including the key CPI release. Here is an outlook for the Australian events, and an updated technical analysis for AUD/USD. With the markets focused on the dark clouds over Spain and the disappointing data coming
USD/CHF Outlook April 23-27
USD/CHF lost ground at the end of the trading week , closing at the 0.9085 level. The upcoming week is a quiet one, with only three releases. Here is an outlook for the Swiss events, and an updated technical analysis for USD/CHF. After drifting for much of the week, the Swiss franc managed a short rally on Friday against the
GBP/USD Outlook April 23-27
GBP/USD climbed to levels not seen since October 2011, as the pair gained almost 300 pips, closing the week at 1.6120. The upcoming week promises to be busy, with eight releases, including the key release of Preliminary GDP. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD. The GBP/USD broke out of range with a