Weekly Forex Forecasts

EUR/USD: In a State of Uncertainty When giving their forecast a week ago, 20% of analysts were in favour of a decline in EUR/USD, 50% voted for it to rise, and 30% were neutral. As a result, 80% of those who pointed north and east were right. After starting at 1.1600, the pair first rose to 1.1668,....

EUR/USD: Correction or Trend Change? Having reached a local low of 1.1523 on Tuesday October 12, EUR/USD ended a five-week downward marathon, turned, and moved up. Since autumn started, the dollar has won back 385 points from the euro. And is the pan-European currency going to regain losses now? Th....

EUR/USD: First Down, Then Up The global economy is recovering from the effects of the COVID-19 pandemic, and this process will continue in 2022. At least. The forecast for global GDP growth of 6% is maintained this year. Growth will continue (unless there are new “surprises”) to roughly 5% next ye....

EUR/USD: Bears' New Win EUR/USD fell to 1.1562 last week, breaking through the key support level of 1.1630, which separated the bullish trend that began in March 2020 from the bearish trend. September turned out to be the worst month for the US stock market, allowing the dollar to strengthen its p....

EUR/USD: Close Start of QE End The Fed did not make any changes to its monetary policy at its meeting on September 21-22. However, the regulator made it clear in its commentary that it was possibly ready to start a gentle tapering of the monetary stimulus (QE) program as early as November. More tha....

EUR/USD: Awaiting US Fed Decision The dollar continues to strengthen, and the EUR/USD pair moves south. Starting on Monday September 13 at 1.1810, it ends the five-day run at 1.1730. The movement is certainly not very strong, only 80 points. But it must be taken into account that it was 1.1908 two ....

EUR/USD: Eurozone QE Recalibration The ECB meeting on Thursday 09 September went off as expected with no surprises. The interest rate remained unchanged at 0%. The European regulator has proposed a “dovish” reduction in the monetary stimulus program (QE). More precisely, according to Christine Laga....

EUR/USD: Falling Dollar and Rising Risk Appetite The majority is not always right. Thus, only 30% of the experts voted for EUR/USD to grow to 1.1900 last week. But they were the ones who proved right. After the release of data from the US labour market on Friday 03 September, the pair soared to a....

EUR/USD: Three Hawks and a Dove in Jackson Hole The return of the EUR/USD pair to 1.1700-1.1900 was predicted by 35% of experts supported by 25% of oscillators that showed it was oversold. After renewing the annual low of 1.1665 on August 20, the pair did go into a correction, reaching 1.1775 on T....

EUR/USD: Fed Needs Strong Dollar, ECB Needs Weak Euro A previous review named the publication of the US Fed's FOMC meeting minutes on Wednesday 18 August as the most important event of the past week. This document was supposed to clarify the situation regarding the timing of the curtailment of the....

EUR / USD: Focus on Inflation The forecast given last week has come true 100%. Recall that 70% of experts suggested that EUR/USD will test the late March low at 1.1700 once again. And it did drop to the level of 1.1705 as early as Wednesday. However, the drivers for further strengthening the US cur....

EUR / USD: it's All About the Labor Market The EUR/USD pair drew another wave of sine waves on the chart: it fell by the same amount in the first week of August as it rose in the last week of July. Statistics from the US labor market set the tone for the week's trends. In anticipation, the pair was....

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....