Daily Forex News


Weekly Trading Forecast: Central Bank News Promises Fireworks

Financial market volatility is likely as ECB and BOC policy calls are accompanied by key data in the week ahead.

EUR: ECB To Announce Start of Tapering, Will Avoid Any Surprises

Euro trading will be dominated in the coming week by Thursday’s meeting of the European Central Bank, which will signal a tightening of Euro-Zone monetary policy from January.

Gold Prices Retreat from Monthly Highs as USD Mounts Counter-Offensive

Gold is virtually unchanged for October with prices closing the week at the monthly open / technical support. Here are the updated targets & invalidation levels that matter.

DAX Outlook as ECB Looms, S&P 500 Levitating While FTSE Seeks Resolution

The most influential event of this coming week is likely to be the ECB meeting on Thursday; technical posturing varies among major indices but the benefit of the doubt still lies with the bulls.

Yuan Clarified by PBOC Governor, Waits for New Party Leaders

The PBOC Governor revealed the most recent updates on what you should know about trading the Yuan at the 19th Party Congress. Over the following days, more officials will talk about the economy and new leaders will be announced at the key meeting.

BoC Awaits: USD/CAD to Six-Week High as CAD Data Continues to Soften

The Bullish CAD theme that dominated markets during the summer continues to face questions. As CAD data weakens, as NAFTA discussions continue, little by way of optimism is showing around the Canadian Dollar.

Slowing U.S. GDP to Temper NZD/USD Sell-Off

Key data prints coming out of the U.S. economy may temper the sell-off in NZD/USD should the figures undermine the Fed’s scope to implement higher borrowing-costs.

Australian Dollar Faces Bare Data Landscape, CPI Stands Alone

The Australian Dollar might find itself a bit short of domestic drivers in the coming week. Official inflation data are likely to be the crucial release.

GBP: Supported For Now But Politics Hold Sway

The British Pound continues to be held ransom by the ongoing Brexit talks although next month’s central bank policy decision may underpin GBP

GBP/USD October Rebound Vulnerable to Lackluster U.K. GDP Report

Another batch of lackluster U.K. data prints may undermine the near-term rebound in GBP/USD as it encourages the BoE to keep the benchmark interest rate at the record-low.

USD/CAD, EUR/USD in the Spotlight Ahead of ECB, BoC

Next week sees two of the cleanest 2017 trends come to question as Central Bank rate decisions in Europe and Canada are released to markets. Will the ECB finally announce plans for stimulus taper?

DXY Index Maintaining Uptrend from September and October Swing Lows

Positive developments on the US fiscal front have given the US Dollar the bullish catalyst its needed to maintain its near six-week rebound.