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EUR/USD outlook hinges on key upcoming macro events – 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 euro and US dollar, and look ahead to the next week.

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EUR/USD, AUD/USD outlook: Forex Friday - May 17, 2024

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 US dollar, euro and Aussie, and look ahead to the next week.

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GBP/USD outlook boosted by UK GDP ahead of key US data - 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 British pound, US dollar and look ahead to the next week.

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USD/JPY analysis: BoJ disappoints as focus turns to intervention and US data - 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 Japanese yen, US dollar and look ahead to the next week.

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April 26, 2024 12:40 PM
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US dollar analysis: EUR/USD and USD/JPY remain in sharp focus - Forex Friday

US dollar analysis: Focus turns to sticky inflation and elevated interest rates narrative as markets regain their poise – for now – as Iran downplays the impact of Israel's strikes. The EUR/USD and USD/JPY will be in sharp focus with global PMIs and BoJ policy among other risk events coming up next week.

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EUR/USD analysis: Forex Friday, April 12, 2024

The ECB is moving closer to cutting rates while the Fed’s timeline lengthens. This is bearish for the EUR/USD forecast. Today, the UoM surveys will come out and we have a few Fed speakers too.

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April 12, 2024 11:30 AM
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EUR/USD analysis: With NFP out of the way, US CPI and ECB come into focus

US dollar eases off after initial bounce, after US NFP rose by 300K, although it was boosted by part-time jobs. US CPI and ECB policy decision coming up next week, which should provide some direction for the EUR/USD.

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April 5, 2024 05:00 PM
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US dollar analysis: DXY extends recovery - Forex Friday

Dollar is supported by better-than-expected US data and unexpected dovish moves from certain central banks outside of the US. The Fed was also dovish, but it is all about inflation data moving forward. Next week’s macro highlights include CPI data from Australia and Japan and core PCE from the US. Dollar Index technical analysis points higher – for now.

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AUD/USD reclaims 200-day MA on surprisingly dovish Fed meeting: Asian Open

US yields dragged the US dollar lower as the Fed continued to favour three cuts this year, helping AUD/USD break back above its 200-day MA ahead of today's employment figures.

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USD/JPY, Gold and GBP/USD analysis - Forex Friday, March 15, 2024

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 US dollar, Japanese yen, gold and the pound ahead of a busy next week for central banks.

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GBP/USD analysis: Mixed NFP report sends dollar lower – Forex Friday

Friday's US non-farm payrolls report (NFP came in mixed-to-slightly weak when you consider the revisions and wages, causing the dollar to weaken further. The GB/USD could be heading to 1.30 in the week ahead when we have lots of data from both the UK and US to look forward to.

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USD/JPY analysis: Forex Friday – February 23, 2024

The US dollar remains fundamentally supported, especially against lower-yielding JPY, although it has not been doing so great lately against other major currencies thanks to the positive risk appetite, with US equity markets surging to record highs. The week ahead features the RBNZ rate decision, as well as US GDP and Core PCE among other highlights.

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February 23, 2024 12:30 PM
Research

US Dollar analysis: More inflation data looming - Forex Friday

Dollar Index was testing a key support level as focus turns to PPI inflation after a hot CPI earlier this week. US dollar was hurt by weak retail sales on Thursday, but rising import costs is inflationary. The week ahead features global PMIs among a handful of other macro data releases.

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EUR/USD outlook: Forex Friday – February 9, 2024

Welcome to another edition of Forex Friday. In this week’s report, we will discuss the US dollar, upcoming data releases from the US next week, and why we think the EUR/USD is heading lower. In short, a sluggish Eurozone economy is holding back the euro, while hawkish Fed keeps US dollar underpinned ahead of CPI and retail sales and other data highlights next week.

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February 9, 2024 10:50 AM
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US dollar analysis: NFP trounces expectations - Forex Friday

NFP trounces expectations at +353K vs. +185K expected. USD/JPY and bond yields jump, gold drops .Light macro events in week ahead.

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Gold and Dollar analysis: Forex Friday – January 26, 2024

Thanks to the positive risk tone across financial markets, the US dollar has struggled to hold onto its gains made in response to mostly positive data showing a resilient economy. Yet, it hasn’t sold off either, with many traders expecting the FOMC and its Chairman Jerome Powell to push back against early rate cut bets next week. For this exact reason, gold has been unable to find any lasting support, with traders happy to take quick profits in either direction.

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EUR/USD and dollar analysis: Forex Friday – January 19, 2024

EUR/USD is holding above the 200-day average amid improved risk appetite with Nasdaq hitting a record high. The US dollar rally pauses ahead of UoM Consumer Sentiment survey, and next week’s key events that include include the ECB rate decision, global PMIs, US GDP and core PCE price index.

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January 19, 2024 12:30 PM

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Dollar and Gold analysis: Forex Friday – January 12, 2024

The big news so far today has been centred around geopolitical risks in the Middle East after military strikes by air and sea targeted 16 Houthi positions overnight. The news sent crude oil up 2.5% and gold found haven flows to climb more than 1% to above $2050. The US dollar was finding a bit of support on haven demand after failing to hold onto its gains the day before, despite a stronger-than-expected inflation report.

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EUR/USD analysis: Dollar extends positive 2024 start ahead of NFP – Forex Friday

EUR/USD analysis: Boost from Eurozone PMI offset by drop in German retail sales, as focus turns to US non-farm payrolls report. EUR/USD technical analysis point to short-term weakness, although long-term bull trend still intact.

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January 5, 2024 11:30 AM
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USD/JPY analysis: NFP beats and dollar rebounds ahead of busy week – 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 in light of the NFP beat, and ahead of next week's key macro events.

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December 8, 2023 02:20 PM
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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 11:40 AM
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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 11:00 AM