Forecasts & Analysis | Currencies
USD/JPY Price Forecast – US Dollar Trying to Find Footing Against Yen
The US dollar went back and forth during the course of the trading session on Friday as we continue to look for some type of stability.
GBP/USD Price Forecast – The British Pound Continues to Form Base
The British pound initially fell rather hard during the trading session on Friday, and then turned around to form a somewhat positive candlestick.
GBP/JPY Price Forecast – British Pound Continues to Hang Around 150 Yen
The British pound has been back and forth during the trading session on Friday as we continue to see a lot of choppy behavior around the ¥150 level.
EUR/USD Price Forecast – Euro Continues to Flirt With 1.20
The Euro has rallied again during the course of the trading session on Friday, with the 1.20 level being significant resistance again.
AUD/USD Price Forecast – Australian Dollar Trying to Break Out
The Australian dollar has been back and forth during the course of the trading session on Friday, as we continue to stare down the 0.78 handle.
AUD/USD Daily Forecast – Resistance At 0.7750 Stays Strong
AUD/USD made another attempt to settle above the resistance at 0.7750 but failed to develop sufficient upside momentum.
April 16th 2021: DXY Indecisive Amid Upbeat US Retail Sales and Declining US Treasury Yields
Despite US retail sales surging 9.8 percent in March, and US unemployment claims totalling 576,000 (consensus: 703,000), the US dollar index concluded Thursday unmoved at daily support from 91.60.