The Forex market is complicated, but your market analysis doesn’t need to be.
We’ve combined Forex technical analysis and fundamental analysis into one comprehensive weekly Forex forecast so that traders can get a thorough understanding of the market without taking too much time away from their trading. Take a look at one of our featured currencies, or read our full weekly Forex forecast to get a picture of the market that you won’t find elsewhere.
Most Recent
The focus last week for markets has been on Europe but this will change in the coming week with theFederal Reserve gearing up for one of the most important FOMC meetings in along time.
Last week, the U.S. Dollar failed at 9,535, bringing forth the possibility (again) that the larger trend remains down towards fresh lows below the 1st August low at 9,326. At Friday's close, price was testing the trendline drawn from the said low and notably, the 20 and 50 SMA’s are still lined up on the bearish side.
The U.S. Dollar closed last week lower by 0.63% as volatility in equity markets persisted with the Dow Jones Industrial average falling more than 4% by Friday. The NASDAQ suffered the steepest decline with a loss of more than 6.6% after a flurry of disappointing economic data highlighted by the multiyear low in the Philadelphia Fed survey which plummeted to -30.7 vs the expected 4.0.
Top Forex Brokers
Technical and fundamental analysis of EUR, USD, AUD and four other major currencies, all in one place.
The U.S. Dollar finished sharply lower on Friday against its key counterparts on government credit rating fears and lackluster interest rate prospects. Markets began pricing in the previously unthinkable - a US Treasury default - on risks that U.S. legislators may not agree to a budget deal as the government will soon run short of cash.
Technical and fundamental analyses in one place, with charts of the major currencies to give you a glimpse of what to expect in your Forex trading during the week of July 11, 2011.
With so many markets closing up last week, it looks like the tides are finally changing - or are they? Take a look at our forecasts for the majors this week to see what you can expect in your Forex trading.
Following a week of extreme market volatility, the U.S. Dollar Index closed relatively unchanged against its major counterparts, as illustrated by most liquidly-traded currency pair (EURUSD) which remains locked in an astonishingly narrow 3.3% range since mid July. Get the roundup of all major currencies here.
Technical and fundamental analysis of EUR, USD, AUD and four other major currencies, all in one place.
Bonuses & Promotions
Take a look at technical and fundamental analyses of the major currency pairs side by side to get a look at where the market will be going in the days ahead.
Technical analysis and fundamental analysis of the major Forex currencies can help you trade smarter this week - get the scoop now!
Get technical and fundamental analyses in one place in this weekly currency forecast.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.Our experts focus on EUR, USD, GBP and other majors to help you trade more profitably this week.