Trade FOREX with FXCM

  • Award-Winning Platform
  • 24/7 Customer Support
  • Trade Directly on Charts
  • Free $50K Practice Account


Forex Trading Weekly Forecast 01.28.2013

By , Quantitative Strategist , , Chief Currency Strategist , , Currency Strategist , , Currency Strategist  and Renee Mu
26 January 2013 06:11 GMT

Dollar: Either Greenback or EUR/USD Rally Must Surrender

There was an unusual contrast this past week where the EURUSD advanced to its highest weekly close in 11 months at the same time that the Dow Jones FXCM Dollar Index (ticker = USDollar) ended the period at a 6-month high.

Euro Strength Faces Critical Test – Will it Hit Further Highs?

The Euro finished the week at fresh 10-month highs versus the US Dollar (ticker: USDOLLAR) as the US S&P 500 and broader risky assets surged, and current momentum suggests the Euro could test 2012 peaks near $1.35 in the days ahead.

BoJ Keeps Pressure on Yen; Despite Sentiment Extreme, Sell Rallies

With Shinzo Abe’s fingerprints all over the Bank of Japan, the Japanese Yen may have entered a perpetually bearish state, fundamentally speaking.

Gold Falls as US Dollar and S&P 500 Surge

Gold took a tumble this past week as the dollar and S&P 500 posted complimentary rallies. Moving forward, traders will look to US date to measure risk trends and stimulus demand.

Australian Dollar at Risk as Market Mood Turns Sour

The Australian Dollar appears vulnerable as evidence of slowdown in the US weighs on risk appetite while Chinese PMI data fails to offer lasting support.

Forex_Trading_Weekly_Forecast_01.28.2013_body_Picture_5.png, Forex Trading Weekly Forecast 01.28.2013

provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from

26 January 2013 06:11 GMT