Weekly Forex Forecasts

First, a review of last week’s events: EUR/USD. Macroeconomic data continued to arrive last week, indicating a recovery in the US economy and labor market. Inflation figures released on Tuesday July 13 were well above forecasts. Τhe consumer price index increased by 0.9% ιn June, and by 5.4% and on....

First, a review of last week’s events: EUR/USD. As predicted by the majority (65%) of experts, the dollar continued to weaken at the beginning of the week, and the EUR/USD pair went up. Disappointing data from the US labour market, released on July 02, affected the dollar. According to forecasts, t....

First, a review of last week’s events: EUR/USD. Making a forecast for the previous week, the majority of analysts (60%), supported by 85% of oscillators and trend indicators, voted for the strengthening of the dollar and the decline of the EUR/USD pair to the June 18 low of 1.1845. The forecast tur....

First, a review of last week’s events: EUR/USD. The data on the labor market and the US economy released last week did not have much positive to please. Q1 GDP growth (6.4%) coincided with forecast data, which is no better but also no worse than market expectations. And then there were some disappo....

First, a review of last week’s events: EUR/USD. The US Federal Reserve meeting on Wednesday June 16 was the key event of the week. No particularly significant decisions were made there: the interest rate remained unchanged at 0.25%. The Federal Reserve will also continue to print money and buy back....

First, a review of last week’s events: EUR/USD. The key day last week was Thursday, June 10. There were two important events on the day: the European Central Bank meeting and the release of US consumer market data. Now let's talk about everything in order. The ECB raised its forecasts for Eurozone ....

First, a review of last week’s events: EUR/USD. When giving their forecast for the previous week, 50% of analysts expected the dollar to strengthen and the EUR/USD pair to fall to the 1.2000 area, 30% voted for the continuation of the sideways trend in the channel, 1.2125-1.2265, and another 20% su....

First, a review of last week’s events: EUR/USD. If you look at the chart of this pair on D1, it is safe to talk about the uptrend in the last eight weeks. But if you switch to lower timeframes, H4 or H1, it becomes clear that it has been in the "sideways" for the last two weeks, being squeezed in t....

First, a review of last week’s events: EUR/USD. "Some Committee members would consider it appropriate to start discussing the topic of curtailing monetary stimulus if the US economy is moving quickly towards the targets set by the Fed," the minutes of the meeting of the Federal Open Market Committe....

First, a review of last week’s events: EUR/USD. As predicted by most experts (60%), the first half of the week benefited the dollar, strengthening it and dropping the EUR/USD pair to support 1.2050. The US inflation report, released on Wednesday May 12, pointed to an impressive rise in April and hi....

First, a review of last week’s events: EUR/USD. There has been a lot of talk for a long time about how quickly and how well the US economy is recovering. But the head of the Fed, Jerome Powell, warned a week ago that everything is still quite fragile, and the acceleration of inflation is a temporar....

First, a review of last week’s events: EUR/USD. The last week of April was marked by three events­: the Fed meeting, as well as the publication of data on the US and Eurozone GDP. As for the US Fed, the results of its meeting were predictable. The interest rate was left unchanged at 0.25%. The volu....

First, a review of last week’s events: EUR/USD. The US economy is showing impressive growth. Europe, on the other hand, is in a widespread lockdown and, apparently, is experiencing a second recession. The share of those who received at least one COVID-19 vaccine in the EU is 25.1%, while in the Uni....

First, a review of last week’s events: EUR/USD. The past week was marked by two important economic events: impressively strong macro-statistics from the USA and a collapse in the yield of 10-year US government bonds. According to the data published on Thursday April 15, US retail sales jumped by +9....

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....