Forecasts & Analysis | Forex, Page 2

  • Nadia Simmons
    Nadia Simmons

    Profiting on the Increasing Momentum in the Currencies

    It looks like the calm in the currencies is drawing to a close and volatility is about to pick up. So far, so good. We’re at a crossroads these days: after a recent string of declines, the USD appears to be catching a bid. This is not without repercussions and

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  • Alejandro Zambrano
    Alejandro Zambrano

    FOMC June 19 Meeting Should Prepare Markets for Rate Cuts, USDJPY, EURUSD

    The next FOMC meeting will take place on June 19, and on June 13 the interest rates markets were pricing in a rate cut of 25 bps by 24.2%, while the likelihood of the Fed leaving rates unchanged in the 225-250 interval was at 75.8%.

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  • Christopher Lewis
    Christopher Lewis

    USD/JPY Price Forecast – Gap continues to offer support

    The US dollar fell initially during the trading session on Thursday, as Asian markets were a bit soft. However, we have seen a significant amount of buying pressure at the gap from earlier in the week, and as the Americans come on board it looks as if the market is

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  • Christopher Lewis
    Christopher Lewis

    GBP/USD Price Forecast – British pound looking for buyers

    The British pound has initially fell during the trading session on Thursday but seems to be finding buyers underneath. We are at the top of a major support zone, so it’s not a huge surprise that perhaps we are trying to pick it up a bit.

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  • Christopher Lewis
    Christopher Lewis

    GBP/JPY Price Forecast – British pound recovers

    The British pound rallied a bit against the Japanese yen initially falling at the open though. It looks as if we are going to continue to hover around the ¥138 level, so looking at this chart it looks like we will get more of the same.

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  • Christopher Lewis
    Christopher Lewis

    EUR/USD Price Forecast – Euro grinds back and forth

    The Euro went back and forth during the trading session on Monday as we are pulling back a bit from the overbought conditions. That being the case, it makes quite a bit of sense that we could see a bit of a breather.

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  • Christopher Lewis
    Christopher Lewis

    AUD/USD Price Forecast – Aussie trying to find buyers

    The Australian dollar initially fell during early trading in Asia on Thursday, as there was a significant amount of “risk off” attitude around the world early. However, the market has since bounced from the psychologically and structurally important 0.69 handle.

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  • James Hyerczyk
    James Hyerczyk

    EUR/USD Mid-Session Update for June 13, 2019

    Based on the early price action, the direction of the EUR/USD on Thursday is likely to be determined by trader reaction to the downtrending Gann angle at 1.1297. We’re still waiting for a confirmation of the closing price reversal top. Volatility is likely to pick up once 1.1283 is taken

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  • James Hyerczyk
    James Hyerczyk

    U.S. Dollar Index Futures (DX) Technical Analysis – June 13, 2019 Forecast

    Based on the early price action, the direction of the June U.S. Dollar Index on Thursday is likely to be determined by trader reaction to the uptrending Gann angle at 97.050.

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  • Nenad Kerkez
    Nenad Kerkez

    USD/CHF Bullish Bounce if The Price Closes Above the POC zone

    Dear Traders,The USD/CHF has been straddling along the ascending trend line in low volatility conditions as the majority of FX markets are.–>Low volatility and lack of momentum in the FX market pose a real hurdle to intraday traders. Compared to major indices such as Nikkei and DOW, Forex market looks

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  • Jignesh Davda
    Jignesh Davda

    EUR/USD Daily Forecast – Euro Eases Lower From 2 Month Highs

    EUR/USD fell under pressure shortly after Wednesday’s US inflation reading and is seen dipping below the 1.1300 handle. A flag pattern suggests there could be some more downside, although significant support is nearby.

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  • Nikhil Khandelwal
    Nikhil Khandelwal

    USD/CAD Daily Forecast – +3.8% Crude Price Upsurge Took Away USD/CAD Pair Gains

    Today morning Iranian media reported “two explosions” over tankers en route to Singapore and Taiwan. Traders anticipate the US Unemployment figures and May Trade data.

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  • Chris Weston
    Chris Weston

    Aussie Jobs Have Traders Testing the 69-handle

    It’s been a mixed session so far (time: 05:09 gmt) in Asian trade, with the ASX 200 unchanged while the Hang Seng and Nikkei 225 are lower by 0.9% and 0.5% respectively. Notably, we’ve seen strong two-interest early in gold, and crude (more on that below), while most of the

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  • Jignesh Davda
    Jignesh Davda

    GBP/USD Daily Forecast – Pound Weighed by Brexit Woes

    GBP/USD fell sharply yesterday on Brexit related headlines. The pair is now testing the lower bound of its recent range. While a break lower can really open up the downside for the pair, traders in the early European session appear to be trying to defend range support.

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  • James Hyerczyk
    James Hyerczyk

    AUD/USD Forex Technical Analysis – June 13, 2019 Forecast

    Based on the early price action, the direction of the AUD/USD on Thursday is likely to be determined by trader reaction to the uptrending Gann angle at .6912.

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  • Stephen Innes
    Stephen Innes

    A Pummeling in the Oil Pits Overnight

    The return to trade policy uncertainty is terrible news for oil markets, especially when manufacturing data are already weak, leaving oil bulls with a series of unpalatable set of choice. Either hold on for dear life (sheepishly raises his hand after reversing shorts below WTI $51)and hope G-20 pulls the

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  • James Hyerczyk
    James Hyerczyk

    USD/JPY Fundamental Daily Forecast – Pressured by Falling Treasury Yields, Lower Demand for Risk

    Later today in the U.S., investors will get the opportunity to react to data on Import Prices and Weekly Unemployment Claims. However, the direction of the USD/JPY will be primarily driven by Treasury yields and stock prices. Lower yields should keep the pressure on the Dollar/Yen. Increased demand for equities

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  • Tomasz Wiśniewski
    Tomasz Wiśniewski

    What is happening on the AUD and NZD?

    Overnight, traders received the data from the Australian job market.

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  • Chris Vermeulen
    Chris Vermeulen

    US Stock Market Setting up a Pennant Formation

    Right now, we believe the first rotation of our expected Pennant/Flag formation is starting to set up and we look for early signs in the DOW and TRAN charts.

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  • Christopher Lewis
    Christopher Lewis

    USD/JPY Price Forecast – US dollar fills gap

    The US dollar fell initially during trading on Wednesday, finally filling the gap that we had seen from earlier in the week. By doing so, we have now taken care of some technical housekeeping, and can start to move again.

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