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Forecasts & Analysis | Currencies
AUD/USD and NZD/USD Fundamental Weekly Forecast – Investors Eyeing Risk Sentiment for Direction
The China Evergrande problems are not expected to go away so bearish risk sentiment could continue to weigh on the AUD/USD and NZD/USD.
USD/JPY Fundamental Weekly Forecast – Dollar/Yen Supported by Hawkish Fed, Dovish BOJ
The advantage is clearly to the U.S. Dollar with the Japanese Yen picking up a bid only during extreme stock market weakness due to safe-haven buying.
U.S Dollar Stays Solid, Posts Third Straight Weekly Gains
Accordingly, economic data coming out of the US will likely impact the Dollar over the remainder of the month, with a batch of positive developments expected to put pressure on the central bank to change gears at its next interest rate decision on November 3
Weekly Technical Market Insight: Week Ending 1st October 2021
Scope for daily to zero in on Quasimodo resistance at 93.90 and associated Fibonacci confluence might draw out short-term USD buying—full analysis available now!
USD/CAD: Loonie Snaps Three-Day Winning Streak as Evergrande Uncertainty Supports Greenback
The Canadian dollar snapped its three-day winning streak against its U.S. counterpart on Friday as concerns about the future of beleaguered property developer Evergrande Group have rattled markets around the globe, helping the greenback rebound from its steep descent.
USD/JPY Weekly Price Forecast – US Dollar Testing Resistance
The US dollar has initially pulled back during the course of the trading week, only to turn around and show signs of strength yet again.
GBP/USD Weekly Price Forecast – British Pound Tests Major Support Level
The British pound has fallen significantly during the course of the week, only to turn around and show signs of life again. That being the case, it certainly looks as if we are hanging on.
GBP/JPY Weekly Price Forecast – British Pound Turned Around to Show Support Again
The British pound initially fell during the course of the trading week to reach down towards the major support level. That being said, we have turned around to show signs of life again.
EUR/USD Weekly Price Forecast – Euro Forms Choppy Candlestick
The Euro has gone back and forth during the course of the week, showing signs of hesitation to break down through support.