Forex Forecasts - Forex Trading Forecasts - Page 40

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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Euro Looks to ECB LTRO Repayment for Direction Cues

The European Central Bank is in focus as it releases details of next week's first 3-year LTRO repayment. The central bank gave lenders the option to return the money early when it conducted the repo operations. Repayments will be held weekly on the last business day starting January 30...

EUR / USD - 1.34 Pushes Away Yet Again

In the last 24 hours, we have seen the Euro push higher again however it has yet again been pushed away by excess supply anywhere near the key 1.34 level. It has continued to trade within a narrow range and up until the last day, it had sat right on top of the key support level at 1.33...

Dollar, Risk Trends Steady Despite House Debt Approval

The fundamental tide continues to grow, yet speculative trends refuse to be driven from their stubborn state of stasis. That is a burden for the US dollar which still plays a dominate role in the FX market as a safe haven and reserve currency...


EUR / USD - Continues to Loiter at 1.33

There isn't much more to report with the Euro since 24 hours ago. It continues to trade within a narrow range and sit right on top of the key support level at 1.33. Over the last few days, the Euro has been placing pressure on the key 1.33 level which has been able to hold up reasonably well so far...

USD/CAD: Current outlook for January 23, 2013

The pair reached the 0.9980-1.0055 resistance area, right where the 200-Day SMA resides. A clear break above this area would confirm the medium-term uptrend towards the 1.0250 resistance...

EUR / USD - Lacking Direction

Over the last few days, the Euro has been placing pressure on the key 1.33 level which has been able to hold up reasonably well so far. Just prior to this, the Euro ran into a brick wall of supply at 1.34 which was a previous resistance level earlier last year...

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EUR/USD stuck below $1.3400

EUR/USD has been quite volatile yesterday: the pair was trading in the $1.3265/3370 range. Euro has twice tested the levels below $1.3300, but returned back. Today the pair is trading on a downside and once again testing $1.3300...

Dollar Climbs to a Six-Month High, EUR/USD Soon to Break

On one hand, the S&P 500 - a benchmark for risk appetite trends - closed this past week at its highest level in five years. On the other, we have the Dow Jones FXCM Dollar Index (ticker = USDollar) - the world's reserve currency and thereby a primary safe haven - closing Friday at its highest level in six months...

EUR / USD - Continuing to Bounce Between 1.33 and 1.34

As expected, last week the Euro has run into a brick wall of supply at 1.34 which was a previous resistance level earlier last year. A couple of weeks ago, the Euro finished the week very strongly surging up through the resistance level at 1.33 that had established itself over the last month or so...


GBP/USD: prospects are not bright

GBP/USD tested $1.5842 today and then returned to $1.5890 recoiling up from strong support. Yet, experts say it may be just a 'dead cat's bounce' - a short jump ahead of further decline. The most sensible strategy seems to be selling on sterling's attempts to recover and it may be kept in place as long as pound's trading below $1.6000...

US Dollar Strengthens on Europe and BOJ Meeting

A resurfacing of US debt ceiling concerns on Monday saw a sharp fall in the S&P500 index, and a rally in the US Dollar as investors sought the safer asset...

EUR / USD – Returning to its Other Friend at 1.34

As expected, within the last week the Euro has run into a brick wall at 1.34 which was a previous resistance level earlier last year. In doing so however, this pushed the Euro up into territory not seen in nine months...

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GBP/USD: Current outlook for January 16, 2013

The pair is trading below the 1.6000-1.6060 support-turned-resistance area, which contains the 50-Day SMA and the 100-Day SMA, so we see the risks of additional setbacks towards the 200-Day SMA by 1.5900 or the 1.5750 support...

Dollar Primed for Breakout after EUR/USD Retreats from 1.3400

The dollar has put in for a few particularly interesting moves over the past 24 hours. Yesterday, the greenback extended its advance against the euro to more permanently shift EURUSD off multi-month highs at 1.3400, while GBPUSD closed below 1.6000 for the first time in eight weeks...

EUR / USD – Trying to Hold On to the Key Level of 1.33

As expected, the Euro ran into a brick wall at 1.34 which was a previous resistance level earlier last year. In doing so however, this pushed the Euro up into territory not seen in nine months...


GBP/USD: Pound reverses previous session losses

The pair is expected to find support at 1.6032, and a fall through could take it to the next support level of 1.5999. The pair is expected to find its first resistance at 1.6100, and a rise through could take it to the next resistance level of 1.6135...

EUR/USD: Euro retreated as debt ceiling fears bolstered demand for the greenback

The pair is expected to find support at 1.3240, and a fall through could take it to the next support level of 1.3190. The pair is expected to find its first resistance at 1.3364, and a rise through could take it to the next resistance level of 1.3438...

GBP / USD – Trading back below the significant level of 1.6150

Over the last month or so, the Cable has displayed interesting price action as it has firmly established some key levels 150 pips from each other. These levels are at 1.63, 1.6150, 1.60 and 1.5850...


EUR/USD: Euro trading lower ahead of inflation data in the Euro-zone

The pair is expected to find support at 1.3328, and a fall through could take it to the next support level of 1.3300. The pair is expected to find its first resistance at 1.3393, and a rise through could take it to the next resistance level of 1.3429...

EUR/USD: Current outlook for January 15, 2013

The pair is consolidating above the 1.3300 resistance, thus confirming the medium-term upside run above the 1.3500 resistance towards the 1.4000 level...

EUR/USD: Euro extending its Friday’s gains

The pair is expected to find support at 1.3292, and a fall through could take it to the next support level of 1.3192. The pair is expected to find its first resistance at 1.3448, and a rise through could take it to the next resistance level of 1.3504...


US Dollar Under Fire as S&P 500 Hits Four-Month High

Prices turned lower from resistance at the top of a rising channel set from mid-September, taking out near-term support at smaller channel bottom to expose the 50% Fibonacci retracement at 10038. A further push below that aims for the 61.8% level at 10009...

January 14, 2013: Asian session

US dollar weakened vs. its counterparts after Chicago FRB President Charles Evans said the central bank should keep policy accommodative to support the economy. The Fed’s Chairman will speak today at 21:00 GMT – this speech may clarify the central bank's monetary easing prospects...

US Dollar Corrects Higher, Wells Fargo Earnings on Tap

The US Dollar corrected higher – rising against all of its leading counterparts – as prices corrected after yesterday’s aggressive selloff. The greenback fell 0.6 percent, marking the largest single-day drop in close to four months, as risk appetite swelled in the wake of better-than-expected Chinese trade figures...


EUR/USD: Euro gained as ECB unanimously left rates unchanged; trading lower this morning

The pair is expected to find support at 1.3108, and a fall through could take it to the next support level of 1.2957. The pair is expected to find its first resistance at 1.3345, and a rise through could take it to the next resistance level of 1.3431...

Euro Rallies on Strong Spanish Bond Auction - ECB Ahead

A continued weakening of the Japanese Yen and a strong Spanish bond auction have pushed up demand for high beta currencies and risk-correlated assets in the first half of the European trading day...

AUD/USD – 1.05 secured after Chinese Trade Balance

AUD/USD traded back below 1.05 briefly during early Asian session, and was propelled upwards thanks to impressive Chinese Trade Balance figures. Y/Y Exports grew 14.1% in Dec vs 5.0% est and Imports grew 6.0% vs 3.5% est...


  


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