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Weekly EUR/USD Outlook: 2017, September 10 - September 17

This is a discussion on Weekly EUR/USD Outlook: 2017, September 10 - September 17 within the Forex Trading forums, part of the Trading Forum category; Looking ahead to the coming week, we do not have any major news from the Eurozone but we have the ...

          
   
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    Weekly EUR/USD Outlook: 2017, September 10 - September 17

    Weekly EUR/USD Outlook: 2017, September 10 - September 17-eurusd-h12-metaquotes-software-corp.png


    Looking ahead to the coming week, we do not have any major news from the Eurozone but we have the PPI and the CPI data from the US which should tell us about the inflation in the US and give us a hint of when the next rate hike from the Fed would be. With the pair closing the week above 1.20, we believe that the uptrend is still intact but the moves could be much slower than usual as the ECB is clearly uncomfortable with the euro being at these levels and the traders seem to be biding their time for a turnaround in the dollar strength. So, in the coming week, we could see the EURUSD make its way towards the 1.21 and then 1.22 region provided the US data is not too strong. Else, we could see the pair correct towards 1.18.

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    Last edited by 1Finance; 09-09-2017 at 05:28 AM.
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    Weekly GBP/USD Outlook: 2017, September 10 - September

    Weekly EUR/USD Outlook: 2017, September 10 - September 17-gbpusd-d1-fx-choice-limited.png


    Looking ahead to the coming week, after the focus on the dollar and the euro over the last couple of weeks, it is the turn of the pound to be in focus in the coming week as we have the CPI data and the rate announcement and statement from the BOE. We also have the CPI and PPI data from the US in the coming week and a combination of all these should guarantee a lot of volatility in the GBPUSD pair. The price is now in a key region and clean and clear break through 1.3260 should carry the pair towards 1.34 and 1.35 while a dovish BOE is likely to push the pair back towards 1.30.

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    Weekly DAX Index Outlook: 2017, September 10 - September 17

    Weekly EUR/USD Outlook: 2017, September 10 - September 17-de30cash-w1-fx-choice-limited.png


    The DAX broke higher during the week, after initially dipping down towards the €12,000 level. By breaking the top of the hammer from the previous week, this is a bullish sign and it looks as if were going to go looking for the €12,500 level above. That is an area that should be resistive, but in the overall look of the market, I believe we will be able to overcome that barrier. The DAX has been in an uptrend for some time, and should continue to be based upon the improving economic conditions in Europe, which of course is heavily influenced by Germany itself. I believe that buying dips continues to be the way forward, although we may get a bit of volatility in the short term, the longer-term uptrend is very much intact.

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