EUR/USD Weekly Technical Forecast: More Bounce Before More Selling?

EUR/USD Technical Highlights: EUR/USD finds buyers after straight line move lower Bounce at risk of failing in the week ahead For the intermediate-term fundamental and technical outlook on EUR/USD, check out the DailyFX Quarterly Forecast. Last week’s net result was relatively even for EUR/USD, even posting a small reversal candle on the weekly time-frame, but […]

Elliott Wave Webinar: USD Index May See One More Dip

USD Index has increased a little last week. Prices may pivot soon one more dip towards US Dollar weakness. The video above is a recording of a US Opening Bell webinar from February 12, 2018. In today’s US Opening Bell webinar, we discussed key markets using Elliott Wave Theory such as (and not in this […]

EUR/USD Weekly Technical Outlook: Euro May Struggle More Before Higher

EUR/USD Highlights EUR/USD spun its wheels last week, working off overbought conditions More of the same might happen in week ahead, with a dip lower towards support seen possible More broadly speaking, higher prices are anticipated once the current phase is over To view the longer-term technical and fundamental outlook for the Euro, or see […]

Video: ECB and BoJ Decisions More Than Euro and Yen Events

Talking Points: There are two drivers (currencies) for every exchange rate, but that doesn’t mean the influence is equally weighted Big moves from EUR/USD, AUD/USD and GBP/USD speak to major breakouts or reversal, but opportunity depends on motivation We look at equally-weighted indexes for the Dollar, Euro, Pound and Aussie Dollar to establish which is […]

Trading Outlook Ahead of FOMC: US Dollar, Cross-rates, Gold Price & More

Join Paul Tuesday-Friday for webinars each week, for details please see the Webinar Calendar. Today, we took a look at markets ahead of the FOMC announcement. Expectations are for another 25-bps hike, where the ‘surprise’ element could come into play is in regards to future signaling for the remainder of the year. For live coverage […]