Forex Forecasts - Forex Trading Forecasts - Page 38

MACD histogram is in the overbought zone

US President Barack Obama did not meet the wishes of the Republicans, who suggested to raise the limit of the US national debt. It is expected that on 17 October deficit of the US budget will amount to $30 billion and the Treasury will have to declare default...

AUD/USD: Yellen s appointment made the pair fall

This week the pair has been trading within the range of 0.9483-0.9386. Today however the aussi experienced high volatility of the market and hit local highs at 0.9471. The rise was caused by the favourable releases of unemployment data in Australia...

USD/CHF: the pair will reach new lows

Last week the pair reached the lows recorded two year ago. USD/CHF has been in the descending channel for quite a long time and it is possible that the pair will continue trading in the range of 0.8980-0.9075 amid budget crisis in the USA...

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JPY Crosses Well Bid, AUD in Demand

The jitters in the market place raise on the unresolved US budget deadlock. As the budget deadline approaches, World leading officials urge Washington to find a resolution as concerns on US default denote a potential decline in governments treasury holdings in value...

BoJ Policy Unchanged, AUD Well Bid

In the October meeting, the BoJ decided to keep the policy unchanged. The annual rise in monetary base remains at Yen 60

US Government Shutdown, USD Sold-Off

US government has partially shutdown at midnight for the first time since 1996, as House Republicans refused to agree on the budget unless it involved a delay in Obamacare...


EUR Little Changed after Merkel

The week starts with good sentiment as China prints better than expected manufacturing PMI in September (51.2, versus 60.9 expected & 50.1 prev). Shanghai

Sep 17: all eyes on the Fed

US dollar is trading near a 4-week low on Tuesday as traders wait for the outcome of the Federal Fed's 2-day policy meeting at which it's expected to announce a modest reduction in its bond-buying stimulus. Also pay attention to US CPI data at 12:30 GMT...

Sep 16: a big opening gap

US dollar fell versus its major counterparts as former Treasury Secretary Lawrence Summers quitted the race the race to lead the Federal Reserve damping the expectations for an early halt to expansionary monetary policy...

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Sep 13: US halted declines

The greenback halted declines from earlier this week versus most the most of its counterparts on prospects that the Fed will decrease QE. In addition, data due at 12:30 GMT are expected to show US retail sales accelerated...

Sep 12: US dollar has weakened

The greenback remained lower versus most of its major counterparts as traders speculated whether the US economy is strong enough for the Fed to consider a reduction in stimulus when they meet next week...

Sep 10: risk aversion declined

US dollar held a decline from yesterday versus most major counterparts amid prospects a Russian bid to get Syria to surrender its chemical weapons may avert a US military strike, damping demand for haven currencies...


August 6: RBA cut rates

AUD/USD edged higher to $0.8990, extending the recovery from the yesterday's low of $0.8850. As it was widely expected, RBA has cut the overnight cash rate by 0.25 points to 2.5%. EUR/USD is trading at $1.3160/50...

July 22: after Japanese elections

US dollar has weakened versus the most of its counterparts. EUR/USD rose from $1.3135 today, but was capped by the $1.3170 area. GBP/USD edged up almost reaching $1.5200. There are no releases scheduled in the euro area and Britain on Monday...

USD Swings on Tapering

The FX markets are subject to high volatility, mainly triggered by dovish comments on Fed QE and the ongoing liquidity concerns in China. Though the PBOC sees the liquidity risk controllable, the abstention to add cash in the system generated significant swings in the equity and currency markets so far...

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June 20: Asian session

The greenback strengthened versus its counterparts as the Fed’s Chairman Ben Bernanke said the central bank could reduce its bond buying this year and end it in 2014 if the economy achieves sustainable growth. US housing and manufacturing data due today may add to the case for reduced monetary stimulus...

June 8: Asian forex session

EUR/USD is trading around $1.3250 after it peaked at $1.3305 yesterday and closed at $1.3243 (highest daily close since late February) adding about 150 pips. Euro soared as the ECB President Mario Draghi didn’t hint at any further easing...

Markets Clueless About Next Move

Yesterday the world’s financial markets finished mixed. Thus, in Europe the British FTSE 100 shed 0.03% and made 6,397.66 points, the German DAX 30 fell 1.02% and reached 7,799 points while the French CAC 40 shrank by 1% down to 3,711.64 points...


March 20: Asian session

EUR/USD sits at $1.2870 following the Tuesday's 100-pips drop. Yesterday the Cypriot parliament rejected the tax-deposit plan. Calming announcements of the EU leaders about the uniqueness of the Cypriot case don't help to reduce uncertainty...

USD longs at 8-month high

Large speculators increased the value of USD net long position from $23.57 billion to $25.46 billion, the highest level in 8 months. The players added to bearish bets against GBP, JPY, CHF and CAD, while longs increased in AUD...

GBP Drop on Weak Data

The currency markets are mostly dominated by profit taking and speculative positioning as the investors seek direction these days. The Wall Street rally gave a short-lived boost to risk-positive currencies in New York, yet the limited enthusiasm in Asia lead to some consolidation during the overnight session...


GBP / USD - Trying to Rally Back to 1.5850

Over the last couple of days, the GBP/USD has rallied well after finding some support around 1.5650 and 1.57 which has been able to temporarily halt the strong fall. Over the last month, the Cable has steadily slid lower below 1.57 from near 1.64...

USD/JPY - Stocks rises as BOJ

They say that how much a man is loved can be seen by the number of people who mourn at his death. If that is the benchmark, BOJ's current Governor Masaaki Shirakawa will be feeling lonely even though Valentine's day is just round the corner...

GBP / USD - Again, Trying to Climb Off the Canvas at 1.57

Its fall over the last couple of weeks from 1.5850 has seen it trade down below 1.57 to levels not seen since August last year. It rallied solidly during the last week only to finish the week in a slump and strong fall resulting in a close below 1.57 again...


Euro Declines Despite Improved German Consumer Confidence

German consumer confidence will rise in February from a 7-month low, according to the GFK survey. The survey result was reported at 5.8, slightly higher than an expected 5.7 and better than January's revised 5.7 survey result...

Dollar Posts Third Four-Day Rally Since Bull Wave Began

Though its recent gains have been particularly reserved, the Dow Jones FXCM Dollar (ticker = USDollar) managed to fourth consecutive daily advance through Monday's close...

NZD / USD - Record Dec Trade Surplus

New Zealand published its largest Dec Month trade surplus since 1991. This appears to be good news prima facie, but when we read the fine prints, it turned out that exports has fallen, while imports has fallen even harder resulting in this record...


A week of key economic events for the U.S. Dollar

Investors this week wait for a heavy slate of top-tier U.S. economic data, starting with Durable Goods Orders on Monday and ending with the employment reports for January on Friday. In-between is the U.S. fourth-quarter advance GDP data and outcome of the Federal Reserve's first meeting of the year...

British Pound Sinks as Carney Hints at More Easing

The British Pound broadly underperformed in overnight trade, down against its top counterparts. The selloff followed comments from incoming Bank of England Governor Mark Carney...

GBP / JPY Technicals - Head and Shoulders pattern forming/formed

Weakness in the rally of GBP/JPY seen? Streak of Higher Highs and Higher Lows have been broken, with prices in the process of forming the right shoulder of the Head and Shoulders pattern (marked by black labels)...


  


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