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US dollar analysis: EUR/USD, NZD/USD - Forex Friday

Welcome to another edition of Forex Friday, a weekly report in which we highlight selected currency themes. In this week's edition, we will discuss the US dollar, EUR/USD and NZD/USD ahead of next week's key macro events.

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US dollar, EUR/USD and GBP/JPY analysis - Forex Friday

The big story this week has been on the inflation front, with CPI in the US and UK both falling faster than expected, cementing expectations that the Fed and other central banks will no longer raise rates further. With a couple of other key US economic pointers also coming in weaker this week, such as industrial production and jobless claims data, as well as a sharp drop in oil prices, this has led to speculation that the Fed may start cutting rates sooner than expected in 2024

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November 17, 2023 10:40 PM
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EUR/USD and GBP/USD analysis in focus - Forex Friday

Following Thursday’s bullish reversal in the dollar on the back of a soft 30-year Treasury auction and hawkish comments by Powell, the key question is whether those gains will last. I don’t think the Fed Chair said anything out of the ordinary, although that’s not to say the dollar won’t necessarily rise further. I mean, you wouldn’t expect him to turn decisively dovish just on the back of a couple of weaker data points.

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November 10, 2023 10:00 PM

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Dollar analysis: NFP puts EUR/USD and AUD/USD in focus - Forex Friday

Welcome to another edition of Forex Friday, a weekly report in which we highlight selected currency themes. In this week’s report we will discuss the dollar’s outlook and how the upcoming data releases could impact the direction of major pairs like the EUR/USD and AUD/USD.

Forex trading

Dollar analysis: DXY, EUR/USD outlook in focus – Forex Friday

It has been a tumultuous and eventful week for the global financial markets. The ongoing situation in the Middle East has triggered a surge of volatility in the oil and stock markets, compelling investors to re-evaluate their strategies and shift their focus from riskier assets to “safer” investments.

Forex trading

Dollar analysis: EUR/USD among pairs hurt by geopolitical risks – Forex Friday

The key theme on Friday has been this: geopolitics is driving everything right now. Safe haven gold was up $35 per ounce on the session, crude oil prices had risen nearly 4% and yields were lower amid haven flows into government bonds. Worries that Israel is preparing for a ground invasion of Gaza has sharply raised geopolitical risks in the region.

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October 14, 2023 02:30 AM
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Dollar analysis: Has Dollar Index Peaked? - Forex Friday

It is all about the nonfarm payrolls report and the dollar today. The NFP data will be responsible for the short-term direction of the US dollar and bond yields, before the focus turns to the FOMC meeting minutes and inflation data next week.

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October 6, 2023 10:00 PM
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Euro to Dollar Analysis: EUR/USD could suffer from rising oil prices - Forex Friday

Despite softer Eurozone inflation and German retail sales data, the EUR/USD climbed for the second day in the first half of Friday’s session. It was supported because of firmer risk tone across financial markets, driven by a weakness in US dollar and global bond yields. But rising oil prices are among reasons that could prevent the EUR/USD from rising much further.

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September 29, 2023 09:30 PM
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Dollar analysis: EUR/USD, GBP/USD and Yields in focus – Forex Friday

Welcome to another edition of Forex Friday, a weekly report in which we highlight selected currency themes. In this week’s report, we will focus the US dollar, EUR/USD and GBP/USD. The dollar index eyes March high and set to close higher for 10th consecutive week, with BoJ inaction and rising crude oil prices providing additional boost for greenback.

Forex trading

Dollar Analysis: EUR/USD, GBP/USD and DXY in focus - Forex Friday

Welcome to another edition of Forex Friday, a weekly report in which we highlight selected currency themes. In this week’s report, we will focus the US dollar, EUR/USD and GBP/USD ahead of next week’s key events: FOMC and BoE rate decisions.

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September 15, 2023 09:30 PM
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AUD/USD holds 64c, bonds retrace post CPI, jobs up next: Asian Open

US CPI was higher than expected, although bond yields pulled back in what could be a sign that investors are more concerned over a recession compare with a 'soft landing' for the US. But if yields continue to pull back it might take some steam out of the dollar rally. And that could help AUD/USD, which has remained reliant to breaks below 64c.

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September 14, 2023 08:05 AM
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Dollar analysis: DXY, EUR/USD, Gold and USD/CAD in focus – Forex Friday

Welcome to another edition of Forex Friday, a weekly report in which we highlight selected currency themes. In this week’s report, we will focus the US dollar, gold, USD/CAD and EUR/USD, ahead of next week’s key events: US CPI and ECB policy decision.

Dollar analysis: EUR/USD and DXY approaching key levels - Forex Friday

Welcome to another edition of Forex Friday, a weekly report in which we highlight selected currency themes. In this week’s report, we will focus on the US dollar analysis, and provide updates on the EUR/USD outlook, before looking ahead to the next week, when we have global PMI data and the start of the Jackson Hole summit.

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August 19, 2023 02:16 AM
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US dollar analysis: GBP/USD, USD/CAD and EUR/USD outlook – Forex Friday

Welcome to another edition of Forex Friday, a weekly report in which we highlight selected currency themes. In this week’s report, we will focus on the US dollar analysis, and provide updates on the GBP/USD, USD/CAD and EUR/USD outlook, before looking ahead to the next week. We maintain a bearish outlook on the US dollar and would favour looking for bullish setups on high-beta currencies.

EUR/USD outlook improves as US jobs point to peak Fed rates – FOREX Friday

So, the US jobs data was mixed and the probability of a rate hike in September fell to 13% from about 20% prior to the data release. Correspondingly, the US dollar and bond yields fell, gold rallied, and stocks stabilised somewhat.

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August 5, 2023 01:45 AM
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Dollar analysis: EUR/USD, USD/CHF, USD/JPY outlook – Forex Friday

The US dollar was coming under a bit of pressure in the first half of Friday’s session, but after Thursday’s sharp rally it remained to be seen if the selling had any real momentum behind it. The Fed’s favorite inflation measure – core PCE – came in a touch softer but this was offset by a stronger-than-expected personal spending data. Investors were looking forward to another very busy week for macro data and central banks.

Japanese yen analysis: USD/JPY, EUR/JPY outlook boosted on BoJ inaction report – Forex Friday

The USD/JPY outlook now hinges more on the decision from the Fed than the BoJ. Meanwhile, the EUR/JPY hit a new high for the year above 158.00, before pulling back a touch. The ECB’s decision will be watched closely next week as it has the potential to move the euro crosses sharply, including the EUR/JPY.

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July 21, 2023 10:10 PM

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Dollar analysis: EUR/USD, GBP/USD, AUD/USD outlook – Forex Friday

Welcome to another edition of Forex Friday, a weekly report in which we discuss selected currency themes mainly from a macro viewpoint, but we also throw in a pinch of technical analysis here and there. In this week’s report, we will discuss a couple of dollar pairs and look forward to next week’s key events affecting the currency markets.

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USD/CAD outlook: All eyes on jobs reports – FOREX Friday

Welcome to another edition of Forex Friday, a weekly report in which we discuss selected currency themes mainly from a macro viewpoint, but we also throw in a pinch of technical analysis here and there. In this week’s shortened report, we will discuss the USD/CAD pair outlook, and look forward to next week’s key events affecting this pair.

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September RBA Preview and what next for the AUDUSD

On Tuesday, the RBA Board meets and is widely expected to raise the cash rate. Once again, the main question will be how much.

September 2, 2022 10:29 AM