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  • What is your forex trading style? Take the quiz and find out: https://t.co/YY3ePT7Yu8 https://t.co/GFx3b1W0OD
  • RBNZ's Hawkesby talking "considered steps" when setting monetary policy, leaning towards 25bps - With money markets pricing in 31bps worth of tightening at the October meeting. Room for disappointment. https://t.co/C7DHnPIeuU https://t.co/K2835aP57Z
  • Gold has plunged nearly 5% off the Monthly high with the sell-off now probing key weekly support here at 1738/47- looking for a pivot here with the Fed interest rate decision on tap. Get your $XAUUSD market update from @MBForex here:https://t.co/Vnxi4143uT https://t.co/zTpqrFIZfk
  • RBNZ: - We have benefitted from a robust rebound in China, our main trading partner - The interruption to the economy's supply side has lasted longer than expected
  • RBNZ: - Vaccination program has aided a stronger-than-expected rebound in the global economy - Demand for our exports has fared better than previous recessions
  • Between the volatile risk trend picture at the moment along with the Fed rate decision and expected 100bp hike from the Brazilian central bank both on Wednesday, $USDBRL is going to be a very interesting pair to watch...
  • RT @EricBalchunas: $SPY traded more than the Top 5 stocks combined. Just when you think $SPY is fading away like an aging legend you realiz…
  • Bitcoin sharply lower on the day, but well off session lows around $42,500 $BTCUSD #Bitcoin https://t.co/mPiZMs8eYH
  • You know what index didn't suffer an overtly threatening reversal this past session? The Russell 2000. It didn't continue the same steady climb through 2021 that the Dow, SPX and Nasdaq enjoyed; so not as much excess premium https://t.co/ieHojAC7b5
  • USD/JPY extends the rebound from the weekly low (109.11) as the stronger-than-expected US Retail Sales report fuels speculation for an imminent shift in monetary policy. Get your $USDJPY market update from @DavidJSong here:https://t.co/Rozq62yAou https://t.co/toaAHiCavK
DailyFX Analysts' Weekly Forecasts

DailyFX Analysts' Weekly Forecasts

Thomas Long, Course Instructor

Most experienced traders first determine the general mood of the market before looking for a trade.  Should the market be moving up or moving down in the week ahead?  There is alot of information to take into account to develop a bias and the analysts at DailyFX offer their thoughts every Monday for you to use in your trading approach.  You can find this by first clicking on the "Forex Market News" button at the top of the first page and then clicking on the "Forecasts" button. 

forecasts

Below is an example of what you will then see. 

analyst pick

The analysts give their opinion of whether the market should be bullish (moving up) or bearish (moving down) for the week.  If you then click on the currency you are following, you will find detailed reasons about how they developed that opinion.  This gives traders an edge in their trading decisions as then they simply look for a trading opportunity in that same direction.  It is also important to note that the market environment can change quickly in the FX markets, so traders should always trade with a protective stop in the market to limit their risk.
 

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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