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Forecast for The Week - levels for EUR/USD EUR/USD: bullish with 1.1411 key resistance. Daily price is on primary bullish trend located to be above 100-day SMA and 200-day SMA: the price is trying to break 1.1411 key resistance level for the bullish trend to be continuing. if the price breaks 1.1411 resistance so the primary bullish trend will be continuing;if the price breaks 1.1143 support level so the reversal of ...
Week Ahead: USD Upside Risk Into Payrolls, Sell AUD Rallies USD – Next week’s business activity and payrolls data should keep Fed rate expectations and the USD supported. EUR – We do not expect incoming inflation data to have any meaningful impact on rate expectations and the EUR. CAD – Growth data is unlikely to trigger bigger changes to rate expectations and the CAD. We expect oil price developments to remain key. ...
3 Main Themes To Watch In Next Week FOMC - BofA Merrill First, there is a likely to still be a sense of caution hanging over the meeting, helping to justify why the Fed did not hike. The sharp tightening of financial conditions has started to ease and market nervousness over the global growth backdrop has abated, but we expect the FOMC statement will continue to state that the Committee is still closely monitoring global developments and ...
Forex Weekly Outlook Feb 29-Mar 4 Rate decision in Australia, GDP data from Canada and Australia, Manufacturing PMI and Trade balance in the US as well as important employment data, including the monthly US jobs report. These are the highlights for this week. Australian rate decision: Tuesday 3:30. Economists still believe the RBA will cut rates in the coming months.Canadian GDP data: Tuesday, 13:30. Canadian GDP is ...
Monthly price is on breakdown with possible bearish reversal: the price is breaking Ichimoku cloud on open monthly bar together with descending triangle pattern for the breakdown to be continuing with the possible reversal of the price movement from the primary bullish to the primary bearish market condition. The price is ranging within the following key support/resistance lines: 195.86 key resistance level located above Ichimoku cloud in the the bullish area of ...
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