Weekly FX Forecasts

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...

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....

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....

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, ...

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...

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....

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...

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...

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....

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...

First, a review of last week’s events: EUR/USD. The trade wars unleashed by the previous US President Trump have just seemingly subsided, but now we can "congratulate" everyone on the start of a new - currency - war. And it could prove equally exciting and unpredictable. This time, it was the Europ....

In the last full week of the month, all eyes turn to Wednesday’s FOMC statement and press conference. While no changes are expected, traders will be keen to hear what Federal Reserve Chairman Jerome Powell thinks of the economy and when tapering could start.  Capital flows could see its way into sto...

First, a review of last week’s events: EUR/USD. We published a chart seven days ago that clearly showed how the correlation between the S&P500 index and EUR/USD was broken in early January. But now everything is back to normal: the S&P500 continued its growth, reaching a historic maximum of....

It’s a big week ahead for traders and investors and economic data, company reports and politics all take centre stage. The 59th Presidential Inauguration is set to take place on Wednesday 20 January. However, investors will be on edge following the attack on Capitol Hill in Washington. From an econo...

First, a review of last week’s events: EUR/USD. Making a forecast for the past week, the majority of experts (60%) were in favor of reducing the pair first to support 1.2100, and then, possibly, another 50 points lower. Almost everything happened as forecasted: the EUR/USD pair was at the level of ....

It’s setting up to be another interesting week for financial markets as the US dollar brushed off the worst jobs report since April 2020 last week. Market participants were shocked when 150,000 jobs were lost in the economy during December against an expected 50,000 increase in jobs.  Surprisingly, ...

The first full week of the new year sees traders focus on key economic announcements which includes the US FOMC Meeting Minutes release on Wednesday and US Non-Farm Payroll figures and employment report on Friday. Considering the US dollar was the weakest currency for the last half of 2020 the annou...

The economic calendar is very quiet this week due to the holiday season. However, there are some big themes that will be on the mind of traders and investors considering how to close out their year-end books and start the new year.  News from the UK government over the weekend of a new coronavirus m...

The economic calendar is very quiet this week due to the holiday season. However, there are some big themes that will be on the mind of traders and investors considering how to close out their year-end books and start the new year.  News from the UK government over the weekend of a new coronavirus m...

First, a review of last week’s events: EUR/USD. According to Bank of America Merrill Lynch, the most popular strategy in the market after “buy shares” is “sell the dollar”. Speculative short positions in this currency have risen to a two-year high. The USD index (DXY) has fallen below 90, while it ....

After last week's shocking US employment report which showed only 245,000 jobs were added to the economy against an expected 440,000, all eyes now turn to this week's European Central Bank Monetary Policy Statement and Press Conference on Thursday. The bank is expected to deliver some more stimulu....

First, a review of last week’s events: EUR/USD. The dollar continues to fall, the euro continues to rise. The pair has traveled from 1.1600 to 1.2175 since early November. The main reasons for the weakening of the US currency lie in the growing global risk appetite. Against the background of positi....

Economic data ramps up this week with the Reserve Bank of Australia Rate Statement and US Manufacturing PMI data on Tuesday, Australian GDP on Wednesday and US and Canada Employment figures on Friday. Of course, all eyes will also be on the progression of Brexit talks with only five weeks to go befo...

First, a review of last week’s events: EUR/USD. The market is now ruled by two main factors: the second wave of the COVID-19 pandemic and the upcoming November 3 presidential election in the United States. A rise of nearly 900,000 in applications for unemployment benefits showed that the labor mar....

First, a review of last week’s events: EUR/USD. We have repeatedly written about the ECB's fear of strengthening the euro as it poses a threat to the recovery of the Eurozone economy. However, neither the head of the ECB Christine Lagarde nor her colleagues want to start a currency war with the US ....

First, a review of last week’s events: EUR/USD. The overwhelming majority of experts (75%), supported by the oscillators indicating that this pair is overbought, expected its correction to the south. The argument was that the pair ended the week near the strong resistance zone of 1.1900 on Friday, ....

First, a review of last week’s events: EUR/USD. We noted in the previous forecast that only a clear breakdown of the channel 1.1700-1.1910 in one direction or another can give a clear idea of the dominant trend in conditions of subsiding activity. It is in this range that the pair has been moving f....

First, a review of last week’s events: EUR/USD. Citing data from the Labor Department, optimists say that the U.S. economic recovery is gaining momentum. The pandemic-stricken labour market is beginning to recover and may have already overcome the worst stage of the crisis. Unemployment in July fel....