Weekly Forex Forecasts for Majors

Weekly Forex Forecasts

AUD/USD Forecast May 13-17

The Australian dollar took a tumble, losing close to three cents against the US dollar this week. The pair dipped below the parity level, before closing at 1.0021. This week’s highlight is the Annual Budget Release. Here is an outlook of the events and an updated technical analysis for AUD/USD.

In a surprise move, the RBA cut interest rates to 2.75%, and reiterated that it remained concern about the high value of the Australian dollar. The Aussie responded by dropping sharply. Although Australian employment numbers looked sharp, this was not enough to stem the sharp downward slide.
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USD/JPY Outlook May 13-17

USD/JPY was the big star of the week, finally breaking the 100 line and with a big blast. Is the road open to 105, or will we see some consolidation?Tertiary Industry Activity, GDP and Core Machinery Orders are the main events this week. Here’s an outlook for the Japanese events and an updated technical analysis for USD/JPY. The

Published by Anat Dror on May 12, 2013

USD/CAD Outlook May 13-17

USD/CAD was already very close to the parity line, but retreated on the dollar storm. Manufacturing Sales and inflation data are the main market-movers this week. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. Last week, Canada’s jobs report came out within expectations; unemployment rate remained 7.2% in

Published by Anat Dror on May 12, 2013

EUR/USD Forecast May 13-17

EUR/USD suffered a downfall at the end of busy week that saw the dollar surge across the board. Will the pair continue lower? German ZEW Economic Sentiment and GDP figures are the highlights of this week.  Here is an outlook on the events and an updated technical analysis for EUR/USD, now on lower ground. German

Published by Yohay Elam on May 11, 2013