Weekly Forex Forecasts

First, a review of last week’s events: EUR/USD. The U.S. economy continues to recover vigorously. The S&P500 index renews another high, the value of American Treasuries is growing and, accordingly, their yield is falling. And the dollar is falling along with it. However, the market, for the mos....

First, a review of last week’s events: EUR/USD. The U.S. economy continues to recover vigorously. This is evidenced by the impressive data from the labor market. Thus, the number of new jobs created outside the agricultural sector (NFP) has almost doubled compared to the previous period (growth fro....

As we head into the Easter weekend, all eyes turn to the US Non-Farm Payroll numbers on Friday afternoon. Traders have been driving the US dollar higher in recent weeks as speculation mounts the Fed will be forced to increase interest rates sooner rather than later.  The rising US dollar has affecte...

First, a review of last week’s events: EUR/USD. The dollar has periodically changed its status since the COVID-19 pandemic started, becoming either a safe haven currency or a risky asset for investors. For example, the US currency declined amid rising stock markets in November-December 2020. And si....

The value of the U.S. dollar fluctuated quite significantly last week, especially during the U.S. Federal Reserve meeting, but the reserve currency did not show any sustainable trend and the index remained in a consolidation range.  USD U.S. data were positive, although not everything was in-line wi...

After last week’s FOMC press conference the US dollar surged higher trying to break out of its recent range. While it has failed to do so, traders will be looking for more clues this week from the US Federal Reserve Jerome Powell in speeches over Monday and Tuesday.  Furthermore, the euro will be in...

First, a review of last week’s events: EUR/USD. It has become clear following the meeting of the Open Market Committee (FOMC) that the US Federal Reserve does not intend to raise interest rates until at least 2023. The Fed is not going to change other parameters of the quantitative easing (QE) prog....

Last week the global reserve currency retreated from 3-month highs and the U.S. dollar index recorded a fall of -0.3%. Positive sentiment in the financial markets has encouraged investors to increase risk demand and choose riskier currencies. USD U.S. data was positive. Inflation has risen to 1.7% p...

Central bank news announcements take centre stage this week with the US Federal Reserve’s FOMC meeting minutes release and economic projections due on Wednesday 17 March, followed by a press conference with Fed Chairman Jerome Powell.  Traders will be focused on the Fed’s response to surging bond yi...

First, a review of last week’s events: EUR/USD. Recall that the head of the Fed Jerome Powell literally brought down the American stock markets with his speech on February 4. Powell stayed indifferent to the surge in US Treasury yields, which closed at an annual high. At the same time, he hinted at....

Volatility surged higher in global markets last week as investors focus on rising bond yields from an improving US economy. With a strong employment report last week, the US dollar will be widely watched this week even though Federal Reserve Chairman Jerome Powell has tried to calm markets down over...

Last week was positive for the U.S. dollar, its index rose sharply and reached its highest level since the end of November 2020. It was announced over the weekend that the U.S. Senate approved a 1.9 trillion USD economic stimulus program. The plan now needs to be approved by the House of Representat...

First, a review of last week’s events: EUR/USD. There is a saying, “a new broom sweeps clean”. If the previous US President Donald Trump were in the shoes of Joe Biden now, he would probably call the head of the Fed Jerome Powell a "traitor" for the fact that his speech on Thursday February 04 lite....

Last week the U.S. dollar remained in the last 2-month trading channel, starting the week with a correction, but later recovered all weekly losses on Friday. With financial markets worried about rising bond yields, investors are withdrawing from stock markets, prompting a return of capital to the U....

The first week of a new month starts off with some major economic news announcements that are likely to affect most markets. This includes US Manufacturing PMI (Purchasing Managers Index) figures on Monday, the Reserve Bank of Australia (RBA) announcement on Tuesday, OPEC meetings on Thursday and US...

First, a review of last week’s events: EUR/USD. As we expected, the speech by the head of the Fed turned out to be quite interesting. Jerome Powell presented to Congress a semi-annual report on monetary policy, from which it followed that not everything is as good as we would like as far as the rec....

The U.S. dollar started quite positively last week, but sentiment didn’t last long and the world’s reserve currency has depreciated since Thursday. The value of the U.S. dollar index remains mostly unchanged since the beginning of 2021.  USD U.S. economic data has been fairly positive. In January, r...

In the last full trading week of February, all eyes turn to the Reserve Bank of New Zealand interest rate decision and press conference on Wednesday, with UK employment and comments from Federal Reserve Chairman Jerome Powell on Tuesday.  The currency markets are likely to dominate flows this week, ...

First, a review of last week’s events: EUR/USD. The sharp rise in bond yields in the US and Europe has hit not only the stock market, but also the “carry trade”, providing support to funding currencies, primarily the euro and the US dollar. Recall that the funding currency is usually a currency wit....

This week all eyes turn to the commodity markets as investment banks from JP Morgan and Goldman Sachs state that commodities may have begun a new supercycle. Oil prices are likely to be the key focus as prices have surged nearly 80% from November lows.  Key economic data points will also be widely w...

Last week, the U.S. dollar index adjusted from several-month highs. With good market sentiment and stock markets recording new all-time highs, investors opted for riskier currencies and tended to sell the U.S. dollar.  USD There were not much economic data in the U.S. The main focus was on the count...

First, a review of last week’s events: EUR/USD. It often happens that monthly forecasts come true faster than weekly ones. That was what happened this time as well. Recall that only 30% of experts expected the EUR/USD pair to grow in the weekly perspective. In the transition to the monthly forecast....

Investors remained active buyers of the U.S. dollar last week, which has risen to its highest level since December.  USD U.S. economic data was mixed. The labour market posted 49 thousand new jobs and the unemployment rate fell to 6.3%. The ISM manufacturing and service PMI indices were 58.7 and 58....

In a relatively light week for economic news, all eyes turn to the US dollar short squeeze and whether or not it has the legs to continue. While last week’s US Non-Farm Payroll number slightly missed expectations, Biden’s $1.9 trillion coronavirus relief plan has moved one step closer.  The politica...

Price volatility in financial markets rose unexpectedly last week, prompting investors to reduce risk and sell their assets. Lower demand for risk has prompted market participants to return to safe-haven instruments and boosted demand for the U.S. dollar, which has risen to highs in the last 2 weeks...

In the first week of February, all eyes turn to a range of central bank news announcements with the Bank of England Monetary Policy Statement on Thursday and the Reserve Bank of Australia Rate Statement in the early hours of Tuesday. With both currencies moving higher in recent months, markets could...

Positive sentiment prevailed in financial markets last week and investors were looking for riskier alternatives to earn higher returns. In this environment, the U.S. dollar has retreated from a 1-month high. USD U.S. economic data was quite optimistic. The preliminary manufacturing PMI index was at ...

Investors remained active buyers of the U.S. dollar last week, which has risen to its highest level since December.  USD U.S. economic data was mixed. The labour market posted 49 thousand new jobs and the unemployment rate fell to 6.3%. The ISM manufacturing and service PMI indices were 58.7 and 58....

In a relatively light week for economic news, all eyes turn to the US dollar short squeeze and whether or not it has the legs to continue. While last week’s US Non-Farm Payroll number slightly missed expectations, Biden’s $1.9 trillion coronavirus relief plan has moved one step closer.  The politica...

First, a review of last week’s events: EUR/USD. The dollar has been growing throughout the week, fueled by optimism about the imminent recovery of the US economy. The incidence of coronavirus is down sharply: in just three weeks since the peak, the 7-day moving average has dropped by almost 50%. An....