US manufacturing data revealed a slowdown in ‘new orders’ and ‘employment’ sending the dollar lower on Friday. However, NFP data remains the focus next week
Kategorie-Archiv: Forecasts
Euro Trade Setups Ahead of ECB Decision – EUR/USD, EUR/GBP and EUR/JPY
Next week’s ECB meeting is unlikely to see any change in monetary policy but post-decision commentary may give traders a better view when the first rate cut is set to be announced
British Pound Weekly Forecast: Sterling Becalmed As Spring Budget Looms
The British Pound remains confined to narrowing ranges against the United States Dollar in a market where volatility has plummeted.
Gold (XAU/USD) Price Struggles for Direction, Silver (XAG/USD) Looks Boxed In
The weekly gold candle shows a restrictive range of just $25 as the precious metal looks for a driver to help break its current lethargy
Euro Weekly Forecast: Central Bankers Delay the Rate Cutting Cycle
ECB governing council members reiterated a lack of urgency to cut interest rates despite improved wage growth data. Lack of bullish euro drivers suggest vulnerability
British Pound Weekly Forecast: No News Could Be Good News For Bulls
The last few sessions have seen data showing the UK in recession, and some more hopeful signs that it might already be coming out. There’s less to look forward to this week, but that might not be bad news for Sterling.
Gold, Silver Forecast: Metals Challenged by Stronger USD, Delayed Rate Cuts
Hotter-than-expected PPI figures on Friday added to stubborn CPI data on Tuesday, setting up the dollar for a positive week. Weekly and daily charts conflict for gold and silver
Euro Weekly Outlook: EUR/USD, EUR/GBP, EUR/JPY – Analysis and Forecasts
The ECB is looking increasingly likely to the be the first major central bank to start cutting interest rates, and this will affect the value of the single currency
British Pound Weekly Forecast: Data-Drought Could See Further GBPUSD Slips
The Pound has been quite resilient through some conflicting UK economic news but there’s much less on the coming week’s slate
US Dollar Forecast: EUR/USD, GBP/USD and USD/JPY Price Action Setups
Next week US CPI headlines the schedule of high importance data. This forecast considers how major currency pairs shape up ahead of the US CPI release