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Uptrend

EUR/USD, EUR/CHF outlook: Currency Pairs of the Week – March 25, 2024

A couple of Fed speakers and US core PCE price index are among the macro factors traders will be watching this week. The EUR/CHF is a more interesting euro pair to watch, while the EUR/USD technical outlook hinges on the 200-day average.

Forex trading

USD/JPY analysis: BoJ and FOMC Meetings Key Focus in Financial Markets – Currency Pair of the Week

The USD/JPY will face a major test in the week ahead, with both the Bank of Japan and US Federal Reserve set to make monetary policy decisions a day apart. The USD/JPY has managed to recover strongly, rising from around 146.50 to above 149.00 in a few days. The recovery has been driven in part because of a rebound in bond yields a stronger dollar.

Currency exchange rate board of multiple currencies

USD/CAD analysis: Currency Pair of the Week – March 4, 2024

The US dollar is steady after Friday’s drop. We have BOC rate decision, Powell testimony and NFP jobs report among the macro highlights for this week.

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USD/CAD analysis: Currency Pair of the Week – February 19, 2024

The USD/CAD will be among the busier of major currency pairs in what will likely be relatively quieter week, at least in so far as macro data is concerned. Given the closure of US markets for Presidents' Day and the majority of major data releases already published in preceding weeks, the week ahead will present few noteworthy macroeconomic highlights, aside from a select few.

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GBP/USD analysis: Currency pair of the week – February 12, 2024

For FX traders, this week's US CPI and retail sales are among the key data highlights. Pound traders also face busy week with several market moving data to come from the UK. GBP/USD technical analysis points modestly lower.

Currency exchange rate board of multiple currencies

USD/CAD analysis: Currency Pair of the Week – February 5, 2024

NFP, Powell and FOMC all paint a bullish US dollar story. This week's data highlights are ISM services PMI and monthly jobs report from Canada. The USD/CAD technical analysis point to bullish break above 1.35 handle.

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GBP/USD analysis: Currency Pair of the Week – January 29, 2024

With the FOMC and BoE rate decisions to come in mid-week, ahead of the NFP on the last day of week, the GBP/USD is set to be in for a roller-coaster ride. Are we finally going to see a breakout above 1.28 or will it drop to 1.25 handle first?

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EUR/USD outlook: Currency Pair of the Week – January 22, 2024

The EUR/USD was a touch lower in the first half of Monday’s session, with many traders sitting on their hands ahead of the big macro events later in the week. With US GDP and Core PCE on tap from the US, and a rate decision to come from the European Central Bank, the EUR/USD is clearly going to be a bit more volatile this week, making it out currency pair of the week.

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GBP/USD analysis: Currency Pair of the Week – January 15, 2024

Thanks to the Martin Luther King Day holiday, FX markets were quiet-ish on Monday without the participation of US banks. But things should start to pick up from Tuesday onwards. We are going to have some potentially market-moving macro data from around the world to look forward to later this week. Among these macro pointers, we will have some important UK data too, including CPI, wages and retail sales, making the GBP/USD the currency pair of the week.

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AUD/USD outlook: Currency pair of the week – January 8, 2024

The AUD/USD is our featured currency pair this week, as we have important inflation data from the US, Australia and the latter’s largest trading partner, China. The economic calendar is otherwise quieter as we start the first full trading week of the year.

Currency prices

USD/JPY analysis: Currency Pair of the Week - Dec 18, 2023

Will the BoJ deliver a surprise on Tuesday with its rate decision? In the US, core PCE Price Index is among this week’s key data highlights, in final important week of the year. USD/JPY is back above 200-day MA for now but more losses could be on the way.

Currency exchange rate board of multiple currencies

GBP/USD outlook: CPI, FOMC, BoE makes Cable Currency Pair of the Week

The GBP/USD has started the new week on the front foot, in what promises to be big next few days. We have several key data releases coming up this week from both sides of the pond, including US CPI on Tuesday, while both the Federal Reserve and Bank of England will be making their respective interest rate decisions later in the week. This makes the GBP/USD our featured currency pair of the week.

Uptrend

EUR/USD outlook: Currency Pair of the Week – Nov 27, 2023

EUR/USD outlook supported by weakening US dollar, which will be put under the spotlight by GDP and core PCE inflation data this week. Weaker Eurozone inflation data could paradoxically lift EUR/USD to 1.10 as technical analysis shows path of least resistance remains to the upside.

Uptrend

Euro to US dollar analysis: EUR/USD outlook in focus - Currency Pair of the Week

The EUR/USD is likely to be among the more active currency pairs this week, which I am expecting to potentially rise to 1.10 handle amid improved risk sentiment and recent falls in US yields and dollar. Although the economic situation in the eurozone remains far from convincing, markets may have gotten ahead of itself with regards to ECB rate cuts being priced in as early as April.

Currency exchange rate board of multiple currencies

GBP/USD analysis in focus ahead of key data – Currency Pair of the Week

The US dollar has started the new week trading mixed, rising to a fresh 2023 high against the Japanese yen but falling against the likes of the Aussie and pound. The dollar index closed higher last week. This week, we will have some important economic data to look forward to, including CPI from both the UK and US, which puts the GBP/USD outlook into focus.

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AUD/USD analysis: RBA, Peak Fed Rates Narrative makes Aussie Currency Pair of the Week

The AUD/USD is our featured currency pair of the week, in what will be a quieter week for economic data compared to the previous week. Still, it could be a busy one for the Aussie given that we have a rate decision from the RBA as well as economic data from China and the US to look forward to.

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GBP/USD analysis in focus ahead of busy week - Currency Pair of the Week

After topping out at 1.3142 in July, the cable has shed over 1,100 pips at its lowest point in early October. This was in response to the sharp repricing of “higher for longer” US interest rates narrative. The further resilience of US data we have seen over the past couple of weeks hasn’t led to any further appreciation in interest rate expectations, keeping the dollar in consolidation mode.

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Forex trading

Euro to US dollar analysis: EUR/USD is the Currency Pair of the Week

Sentiment remains bearish towards risky assets, with global indices continuing to fall at the start of the new week following a tumultuous and eventful last week. Interestingly, the US 10-year bond yield has now broken above the key 5.00% level for the first time since June 2007, which could keep the downside limited for the US dollar. The EUR/USD was flattish on the session at the time of writing, ahead of a busy week.

Currency exchange rate board of multiple currencies

EUR/USD analysis: Focus remains fixated on Mideast – Currency Pair of the Week

Sentiment remains cagey with worries over the Middle East continuing to keep the markets in an overall risk-off mode. However, there has been no fresh news to drive the US dollar even higher at the start of this new week. Position squaring is probably the main reason why it has retreated a little. That’s not to say it has topped. Ongoing Middle East tensions should keep the dollar supported on the dips, against the more risk-sensitive currencies.

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October 16, 2023 12:46 PM
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USD/JPY analysis: Haven flows and key data makes USD/JPY Currency Pair of the Week

With the unfortunate events over the weekend triggering a “risk off” response in the markets, and key US data to come later in the week, both the Japanese yen, still deemed by many as a haven currency, and the US dollar will be in focus this week. Additionally, there is the potential for further Japanese intervention given that the USD/JPY trades not too far from the 150.00 level.

Forex trading

EUR/USD outlook: US dollar could extend gains for 12th week – Currency Pair of the Week

The EUR/USD’s corrective bounce towards the end of last week faded, as we had expected, with the dollar continuing to find support even though we saw some notably weaker data. In other words, nothing has changed since last week. There will be lots of key US data to look forward to this week, which should keep the EUR/USD in sharp focus.

Currency exchange rate board of multiple currencies

EUR/USD Outlook Darkens as Dollar goes from Strength to Strength - Currency Pair of the Week

The EUR/USD has been among a growing number of major FX pairs breaking to fresh multi-month lows. The euro’s latest losses come after the Dollar Index ended higher for the tenth consecutive week and as risk appetite remained low across financial markets, with major indices breaking further lower this morning. The EUR/USD will be among the key FX pairs to watch this week.

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GBP/USD Outlook: BoE and FOMC meetings make Cable Currency Pair of the Week

The GBP/USD is in focus ahead of this week’s key events: FOMC and BoE rate decisions. We also have UK CPI and retail sales, as well as global PMI figures to look forward to this week. The BoE is likely to deliver a final 25 bps hike, while FOMC is seen holding policy unchanged. The GBP/USD could be heading to low 1.20s in this busy week.

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September 18, 2023 01:00 PM