The Great Britain pound rallied last week, not least due to Bank of England’s policy statement that was less dovish than market participants had anticipated. But will the currency be able to maintain gains amid Brexit uncertainty and fears?
Currency movements may seem chaotic, but the inner structure of these fluctuations has its own laws. Fundamental factors, macroeconomic situation, political decisions, global events — they
all offer a steady ground for analysis and subsequent prediction of the future Forex rates. The articles in this category are all dedicated to foreign exchange forecast. They present market sentiment and research regarding the recently active major and exotic world currencies. If you are up to currency trading, these forecast may be considered as a useful resource of ideas for your long-term FX trading.
There are plenty of factors that could impact the performance of the Canadian dollar this trading week. Unfortunately for the currency, most of them are negative. Let’s look at the most important of them.
There is a busy week ahead for the Great Britain pound. There will be plenty of economic releases from the United Kingdom, but the most important event should the monetary policy meeting conducted by the Bank of England.
Things were not looking good for the Great Britain pound after the Britons had decided to the leave the European Union, and nothing has changed yet. In fact, the bearish outlook gains strength.
Britain’s upcoming referendum about membership in the European Union remains a hot topic in the news and speculations of market participants. Many analysts advise to stay away from the Great Britain pound ahead of the event.
The US dollar has experienced an abysmal week at the end of March and enters April with a bias that can be defined as bearish. But does it mean that the currency is going to extend its decline further?
The US dollar tumbled last week due to the unexpectedly dovish comments of the Federal Reserve, though the currency has started to recover by the weekend. What can traders expect from the greenback this week?
The major event for the New Zealand dollar this week is the monetary policy meeting of the Reserve Bank of New Zealand. Unfortunately for the currency, the policy outlook is dovish.
The holiday period in the United States has ended, and economic data from the USA will be released to the markets again. Let us see what factors will be affecting the US dollar over the next few days and what can be expected by traders from the US currency.
The US dollar has been in a consolidation mode in July, but this pattern may change as couple of important reports is scheduled for this week.