Forex Market Analysis

With US rates still very likely to rise, the Aussie remains in a very tough place. Japan is vulnerable here. Among the EUR-crosses that lost ground, there is a noticeable pattern: You can see from the chart below how […]. However, stickiness in the core rate of inflation may encourage the Federal Open Market Committee FOMC to increase the benchmark interest rate to a fresh threshold of 2. As we look towards next week, the Canadian Dollar may see somewhat of a quieter week from the data front with a lack of tier 1 data to drive price action in the CAD. The Euro was created to facilitate cross-border trade of European trading partners.

Forex and gold market outlook,predictions and analysis covering major currencies. Daily Technical Reports; Analyst Picks; Consensus forecasts envision a downtick from to percent.

Thursday, September 13, 2018

Looking ahead, attention now turns to the U. However, stickiness in the core rate of inflation may encourage the Federal Open Market Committee FOMC to increase the benchmark interest rate to a fresh threshold of 2. In addition, the Retail Sales report is projected to show another 0. In turn, gold remains vulnerable to further losses as the inverse relationship between the precious metal and the greenback continues to materialize , with the IG Client Sentiment Report still showing retail sentiment near extremes as T he ratio of traders long to short sits at 4.

The slant in retail positioning offers a contrarian view to crowd sentiment, with current conditions warning of a further decline in gold as both price and the Relative Strength Index RSI snap the bullish formations carried over from the previous month.

For more in-depth analysis, check out the Q3 Forecast for Gold. Are you looking to improve your trading approach? Want to know what other currency pairs the DailyFX team is watching? Download and review the Top Trading Opportunities for Interested in having a broader discussion on current market themes?

Fundamental Forecast for CAD: The past week saw the Canadian Dollar weaken towards 1. The Bank of Canada provided a relatively balanced statement, leaving the door open for a hike in October. As we look towards next week, the Canadian Dollar may see somewhat of a quieter week from the data front with a lack of tier 1 data to drive price action in the CAD.

To contact Justin, email him at Justin. Fundamental Australian Dollar Forecast: That seems a little harsh of the market when the 3. Well, all GDP data are open to charges of being too historic to matter in the frenetic, second-to-second world of foreign exchange.

There is some truth here too. Then there are some more specific Australian problems. None of them is new. Inflation remains stickily low, consumer debt remains stickily high. Indeed the markets still do not think that record-low interest rates are going anywhere for at least another year. With US rates still very likely to rise, the Aussie remains in a very tough place. This week will not change that, but it will bring official employment data out of Australia. There was another one when the Reserve Bank of Australia was perhaps a little less dovish than markets had feared in its post-rate-decision statement.

We also hold educational and analytical webinars and offer trading guides, with one specifically aimed at those new to foreign exchange markets.

Be sure to make the most of them all. New Zealand Dollar Fundamental Forecast: Heading into the end of last week, the pro-risk New Zealand Dollar managed to appreciate against its US counterpart alongside a recovery in global benchmark indexes. Yet, New Zealand 2-year government bond yields were mostly little changed suggesting that the driver for NZD was the improvement in market mood as opposed to bets on the RBNZ rate outlook.

Keep in mind that in August the central bank left rates unchanged and said that the next move could be up or down. Governor Adrian Orr than added that if growth slows further below potential, they would cut the official cash rate. Growth is expected to slow to 2. This opens the door to an upside surprise which could pour cold water on RBNZ rate cut bets. With that in mind it is tempting to offer a bullish Kiwi Dollar fundamental outlook, but the risk that Donald Trump rekindles trade war fears is a threat.

This could reverse gains in emerging markets which would arguably send the New Zealand Dollar lower. He acknowledged last week that they are not under pressure to make a deal with China.

This vulnerability thus leaves us with a neutral forecast instead. Just getting started trading currencies? To contact Daniel, use the comments section below or ddubrovskyFX on Twitter. It's been a big week across FX, and next week's calendar slows a bit. The big question is whether USD bears and Euro bulls might be able to stage continuation. Downtrend Intact Amid Consolidation. David Song Currency Analyst. But don't just read our analysis - put it to the rest. Your forecast comes with a free demo account from our provider, IG, so you can try out trading with zero risk.

Discover our extensive calendar of free educational webinars and test your trading skills, risk-free, with an IG demo account. A demo account is intended to familiarize you with the tools and features of our trading platforms and to facilitate the testing of trading strategies in a risk-free environment. Results achieved on the demo account are hypothetical and no representation is made that any account will or is likely to achieve actual profits or losses similar to those achieved in the demo account.

Conditions in the demo account cannot always reasonably reflect all of the market conditions that may affect pricing and execution in a live trading environment. However, the Euro is approaching an area at […]. It also put an end to the range-bound price action that persisted for more than two months.

After retesting former wedge support as new resistance last week, the single currency plummeted more than pips.

After weeks of sideways price action, it seems we finally have something to talk about. The consolidation over the past five weeks had […].

The latter even carved a bearish engulfing range to illustrate just how much selling pressure exists in the […].

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Get free information about EUR/USD pair including EUR USD Live Rate, News, Forecast and Analysis Daily Technical Reports; Analyst Picks; About your FOREX. hdmobilsikis.ga provides the most mathematically advanced Forex prediction tools. Daily and intraday predictions, long-term predictions. Free for a limited time. Justin Bennett is a Forex trader, coach and founder of Daily Price Action, the world's most popular Forex price action blog. Weekly Forex Forecast (July 16 – 20, ) Categories. Daily Forex Setups; Free Forex Trading Lessons Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade.




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