News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
EUR/USD
Bullish
Oil - US Crude
Bullish
Wall Street
Mixed
Gold
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
GBP/USD
Bullish
USD/JPY
Bearish
More View more
Real Time News
  • #Crudeoil prices could reverse lower as the #OPEC Monthly Oil Market Report (MOMR) forecasts fading global demand and oversupply concerns. Get your #commodities update from @DanielGMoss here: https://t.co/G02ajeLPqZ https://t.co/THuauT4XQ9
  • The outlook for the $EURUSD pair has worsened after its failure to move back to the high just above 1.20 touched on September 1 despite the #ECB’s decision earlier this month not to talk down the Euro. Get your #currencies update from @MartinSEssex here: https://t.co/kDCHxHgGlU https://t.co/Li4jHqaNdC
  • #USDollar Outlook Bearish on Mnuchin & Powell Testimonies, Key US Data ⬇️ https://www.dailyfx.com/forex/fundamental/forecast/weekly/usd/2020/09/20/US-Dollar-Outlook-Bearish-on-Mnuchin-Powell-Testimonies-Key-US-Data.html
  • The London trading session accounts for around 35% of total average forex turnover*, the largest amount relative to its peers. The London forex session overlaps with the New York session. Learn about trading the London forex session here: https://t.co/UTWxbnNz7M https://t.co/fuWSUDE1pT
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here: https://t.co/ADSC4sIHrP https://t.co/eRTdlhAOFN
  • The Japanese #Yen may continue to exhibit a bullish behavior as the Bank of Japan (BoJ) appears to be in no rush to alter the path for monetary policy. Get your #currencies update from @DavidJSong here: https://t.co/HFjc6KGzRw
  • The New Zealand Dollar appears poised to extend its climb against its haven-associated counterparts as long-term trend break hints at cyclical upturn. Get your $NZDUSD market update from @DanielGMoss here: https://t.co/CPxP1Q8B6d https://t.co/n2wESiqnpJ
  • The US Dollar may rise against ASEAN currencies like the Singapore Dollar if local retail sales and sentiment data disappoints. USD/IDR may fall on the Bank of Indonesia. Get your market update from @ddubrovskyFX here:https://t.co/HpH8pXFdLl https://t.co/laHmaZXpJe
  • The US Dollar may rise against the Singapore Dollar and Philippine Peso. USD/MYR’s downtrend holds, but a bullish pattern brews. USD/IDR seems stuck between key technical levels.Get youe #ASEAN currencies market update from @ddubrovskyFX here:https://t.co/TF6DRVp6kX https://t.co/WEtxkdSwxD
  • There are three major forex trading sessions which comprise the 24-hour market: the London session, the US session and the Asian session. Learn about the characteristics of each session here: https://t.co/UVvf51HiVP https://t.co/4wlRjBTCzK
Weekly Trading Forecast: Are the Dollar, Yen and Pound's Trends Turning?

Weekly Trading Forecast: Are the Dollar, Yen and Pound's Trends Turning?

Share:

The Dollar and Yen experienced sharp change in trend this past week motivated by event risk. Will these trends find momentum, and will key UK and Australian event risk ahead motivate the same for the Pound and Aussie?

US Dollar Forecast – USDollar Losing Haven and Yield High Ground, NFPs and Risk Critical

The USDollar dropped every day this past week resulting in a 1.4 percent slide and the longest series of daily losses in 15 months. That said, despite the steady tumble – punctuated by Friday’s sharp drop – the Greenback’s fundamentals still confer it a considerable air of authority.

Euro Forecast - EUR/USD Prospects Turnaround Over Span of a Week after GDP Surprises

This time last week, markets were pricing in a rate cut by the European Central Bank this year and for the Federal Reserve to raise rates by June 2017. Now, markets are no longer pricing in an ECB rate cut this year, and the Fed isn’t expected to raise rates until at least January 2018. How quickly market sentiment has changed, and with it, the winds blowing EUR/USD.

Japanese Yen Forecast – USD/JPY Downside Targets in Focus Ahead of U.S. Non-Farm Payrolls

USD/JPY may continue to give back the rebound from the June low (98.78) amid waning expectations for a 2016 Fed rate-hike, while the Bank of Japan (BoJ) continues to endorse a wait-and-see approach for monetary policy.

British Pound Forecast - Critical Week For British Pound Points to Big FX Moves Ahead

The British Pound finished the week marginally higher versus the US Dollar on the heels of stronger-than-expected economic growth numbers. Yet the small rally keeps the Sterling within a tight trading range, and the true test for the GBP will likely come on a highly-anticipated Bank of England interest rate decision due in the coming week.

Chinese Yuan Forecast – Yuan to Retrace on Currency Basket Re-Balancing

The onshore Yuan (USD/CNY) strengthened against the US Dollar for all five trading days this week, rising by +0.76% during that span of time.

Australian Dollar Forecast – Australian CPI at 17-Year Lows Further Opens Door for RBA Cuts

Last week we discussed the move-lower in the Australian Dollar after RBA minutes were released from the meeting in earlier July; showing that the bank may be more amenable to cutting rates should data continue to flag signs of weakness in the Australian economy.

Canadian Dollar Forecast - Canadian Industrial Production Boosts Loonie Despite Weak GDP

The price of USD/CAD fell back toward the Weekly Pivot Support near 1.31/3000 on Friday when Canada released Support Raw Material Prices, but underwhelming May GDP.

Gold Forecast – Gold Prices at Resistance into August Open- NFPs In Focus

Gold prices snapped a two-week losing streak with the previous metal rallying more than 1.7% to trade at 1346 ahead of the New York close on Friday.

Weekly Trading Forecast: Are the Dollar, Yen and Pound's Trends Turning?

What are the Traits of Successful Traders? See what our studies have found to be the most common pitfalls of retail FXtraders.

Sign up for a free trial of DailyFX-Plus to have access to Trading Q&A's, educational webinars, updated speculative positioning measures, trading signals and much more!

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

DISCLOSURES