Category: Weekly Forex Forecasts
EUR/USD Outlook April 9-13
Euro/dollar broke out of range, and it was to the downside, although US weakness partially balanced the move. Is this a gradual turn downwards, or is the ongoing fear of US QE and the European debt crisis about to continue balancing the pair? Here is an outlook for the upcoming events and an updated technical analysis for
NZD/USD Outlook April 9-13
The kiwi slid as prospects of QE3 in the US were on the retreat – no fuel for commodities weakens the New Zealand dollar. NZIER Business Confidence is the main event this week. Here’s an outlook for the events in New Zealand, and an updated technical analysis for NZD/USD. NZD/USD did manage to recover some of its losses
GBP/USD Outlook April 9-15
GBP/USD was down this week, dropping 150 pips, to close at 1.5860. The upcoming week has five releases. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD. Despite a mixed bag of employment figures coming out of the US, the dollar staged a strong rally against the pound. The markets gave a thumbs up to the
AUD/USD Outlook April 9-13
AUD/USD was down this week, dropping 130 pips. The pair closed just shy of the 1.03 level, at 1.0296. The upcoming week is very busy, with nine releases. Here is an outlook for the Australian events, and an updated technical analysis for AUD/USD. The Australian economy continues to churning out weak data, such as Building Approvals and
USD/JPY Outlook April 9-13
Dollar/yen traded in a wide range, and eventually closed lower, riding on the greenback’s retreat, more than any other currency. Current Account and the rate decision are the highlight of this week. Here’s an outlook for the Japanese events and an updated technical analysis for USD/JPY. The Tankan index of large manufacturers’ sentiment was unchanged in the first
USD/CHF Outlook April 9-13
The dollar performed well this week, as USD/CHF rose 150 pips, closing at 0.9160. The upcoming week is very quiet, with only one release this week. Here is an outlook for the Swiss events, and an updated technical analysis for USD/CHF. The dollar strengthened U.S. Initial Jobless Claims posted a strong showing – the best in almost four years. Also, investors were
USD/CAD Outlook April 9-13
The Canadian dollar eventually kept its balance against the greenback, but traded quite choppily. The BOC Business Outlook Survey and Trade Balance are the main events this week. Here’s an outlook for the Canadian events and an updated technical analysis for the Canadian dollar. The Canadian job market rebounded in February from its sluggish condition upon a remarkable addition
Forex Weekly Outlook April 9-13
The US dollar made a comeback after 3 weeks of falls, as the FOMC minutes cast doubts on the chances of QE3. A speech by Ben Bernanke, US trade balance and unemployment claims are the major events this week. Here is an outlook on the main market-movers lined up. Last week the United States gained
GBP/USD Outlook April 2-6
GBP/USD moved upwards this week, closing just shy of the 1.60 level, at 1.5996. The upcoming week is quite busy, with nine releases. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD. Updates: GBP/USD climbed above the 1.60 level, trading at 1.6040. U.K. Manufacturing PMI rose to 52.1, well above the market forecast,
AUD/USD Outlook April 2-6
AUD/USD continued to sag, dropping 150 pips this week. The pair closed at 1.0340. The upcoming week is very busy, with ten releases. Here is an outlook for the Australian events, and an updated technical analysis for AUD/USD. Updates: HIA New Home Sales shot up 3%, rebounding from a 7.3% drop in February. Private Sector