Category: Info

USD/CAD Forecast Jan. 29 – Feb. 2 2018

Dollar/CAD finally dropped to lower ground on the weakness of the USD and rising oil prices. Fears of NAFTA are still with us. The upcoming week features the GDP release. Here are the highlights and an updated technical analysis for USD/CAD. Canadian data was mixed: retail sales missed expectations with a minor rise of 0.2% but […]

AUD/USD Forecast Jan. 29 – Feb. 2 2018

The Australian dollar certainly conquered the 0.80 level and closed the above 0.81. Will it continue even higher? The upcoming week features the key Australian CPI release and a key Chinese survey. What’s next for the Aussie? Here are the highlights of the week and an updated technical analysis for AUD/USD. The Australian dollar certainly took […]

GBP/USD Forecast Jan. 29 – Feb. 2 2018

GBP/USD had an excellent week, playing catch up with its peers amid optimism about Brexit and a very weak US dollar. PMIs stand out as we turn the page into February. Here are the key events and an updated technical analysis for GBP/USD. A hint towards a softer Brexit by French President Emmanuel Macron and hopes […]

EUR/USD Forecast Jan. 29 – Feb. 2 2018

EUR/USD had yet another excellent week, rising to higher ground on the US dollar weakness and Draghi’s unsuccessful jawboning. What’s next? The upcoming week features all-important GDP and inflation numbers. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. The ECB left the rates unchanged and will take its […]

Is EUR/USD heading to 1.27? Two models point that way

EUR/USD topped 1.25 in a turbulent week before falling back to the 1.24 handle. Mnuchin, Draghi, and Trump all moved the world’s most popular currency pair. What do the technical levels say? Here are two opinions: Here is their view, courtesy of eFXnews: EUR/USD: Path Of Least Resistance Remains A Higher EUR; S/T Models Point […]

Forex Weekly Outlook – Jan. 29 – Feb. 2 2018

The US dollar continued falling, also struck by the US Treasury Secretary. Will it stabilize? The upcoming week features the last Fed decision by Yellen, consumer confidence, and the Non-Farm Payrolls.  Here are the highlights for the upcoming week. US Treasury Secretary Steven Mnuchin said that “a weak dollar is good for the US“, departing from […]

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