January 22, 2022

Forex and Cryptocurrency Forecast for January 24 - 28, 2022

Forex and Cryptocurrency Forecast for January 24 - 28, 2022EUR/USD: FOMC Meeting: the Day the Markets Are Waiting For

The main event not only of the next week, but of the whole month will certainly be the meeting of the FOMC (Federal Open Market Committee) of the US Federal Reserve on January 26. Will the regulator raise interest rates now? Or in March? Or will it postpone the curtailment of incentives indefinitely? These questions remain unanswered.

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January 16, 2022

Forex and Cryptocurrency Forecast for January 17 - 21, 2022

Forex and Cryptocurrency Forecast for January 17 - 21, 2022EUR/USD: Rumors That Drive the Markets

The weather on the market is quite often determined by rumors which have very little to do with reality. Or nothing at all. But those who spread them can earn good money by speculating on them. Something similar seems to have happened last week.

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January 8, 2022

Forex and Cryptocurrency Forecast for January 10 - 14, 2022

Forex and Cryptocurrency Forecast for January 10 - 14, 2022EUR/USD: Awaiting the January FOMC Meeting

The EUR/USD pair has been in a sideways trend for seven weeks in a row, moving along the horizon 1.1300 in the 1.1220-1.1385 channel. Even the publication of the protocols could not get it out of this state of the December FOMC (Federal Open Market Committee) meeting of the US Federal Reserve, which confirmed the seriousness of this central bank's intentions to tighten monetary policy and strengthen dollars. Apparently, the regulator is frightened by the rate of inflation in the country. In addition, it did not expect the Omicron coronavirus strain to have a significant negative impact on economic activity in the United States.

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January 1, 2022

Leading Banks Forecast for 2022: JPY, GBP, CAD, AUD, CHF, SEK, CNH

Leading Banks Forecast for 2022: JPY, GBP, CAD, AUD, CHF, SEK, CNHWe talked a week ago about what experts from the world's leading banks and agencies think about the behavior of the EUR/USD pair in the coming 2022. And the fact that we paid attention to it in the first place is quite logical: after all, this pair is the most traded on the Forex market, and the European currency itself leads by a huge margin in the formation of the US Dollar Index DXY, with 57.6%.

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December 26, 2021

Forecast: What to Expect from the Euro and the Dollar in 2022

Forecast: What to Expect from the Euro and the Dollar in 2022It is always interesting to know whose predictions came true and whose predictions did not. Exactly a year ago, we published forecasts given by experts from leading world banks regarding the EUR/USD rate for 2021, and now we can decide which of them was right and to what extent. Or, on the contrary, which one was wrong.

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December 18, 2021

Forex and Cryptocurrency Forecast for December 20 - 24, 2021

Forex and Cryptocurrency Forecast for December 20 - 24, 2021EUR/USD: Old News from the Fed And the ECB

The past week was the week of the Central Banks. The US Federal Reserve met on Wednesday, December 15, for the last time this year, the ECB and the Bank of England on December 16, and the Bank of Japan at the end of the working week, on Friday, December 17.

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December 11, 2021

Forex and Cryptocurrency Forecast for December 13 - 17, 2021

Forex and Cryptocurrency Forecast for December 13 - 17, 2021EUR/USD: Ahead of the Fed and ECB Meetings

We titled this section of the review “Employment and Inflation Decide Everything” last week. It is these two parameters that determine the monetary policy of central banks in the current situation. The next meeting of the US Federal Reserve will take place on Thursday, December 16, and the markets expect the regulator to speed up the procedure for curtailing incentives, and, perhaps, even increase the interest rate. Undoubtedly, these decisions will be influenced by the macro statistics released in recent days.

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December 4, 2021

Forex and Cryptocurrency Forecast for December 06 - 10, 2021

Forex and Cryptocurrency Forecast for December 06 - 10, 2021EUR/USD: Employment and Inflation Decide Everything

Markets are now ruled by two factors: fear of the new COVID strain and monetary tightening by central banks. It is not yet very clear how dangerous the Omicron strain is and how it will affect the economy. Therefore, the main focus is shifting towards central banks and, first of all, the US Federal Reserve. Thus, 19 Reuters experts have named the difference in interest rates as the main market driver, while 15 have pointed to Omicron.

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November 27, 2021

Forex and Cryptocurrency Forecast for November 29 - December 03, 2021

Forex and Cryptocurrency Forecast for November 29 - December 03, 2021EUR/USD: Panic Named B.1.1.159

The past week can be divided into two parts: before and after Thanksgiving. Let us remind you that the day Thursday, November 25 was a day off in the United States. And since the lion's share of capital is controlled by banks and funds located in this country, the lull comes in financial markets around the world on this day.

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November 21, 2021

Forex and Cryptocurrencies Forecast for November 22 - 26, 2021

Forex and Cryptocurrencies Forecast for November 22 - 26, 2021EUR/USD: Closer to Parity

We made a short equation in the title of the previous review on the EUR/USD pair: “Inflation growth = USD growth”, and last week's events confirmed its fairness. Strong data on retail sales in the US, released on Tuesday, November 16, allowed the dollar to rally again, and the USD DXY index to return to the values of one and a half years ago and renew the highs of 2021. With the forecast of 1.4%, retail sales in October increased by 1.7% (the growth was twice less in September, 0.8%). The retail control group indicator went up as well, showing an increase in October by 1.6% (forecast 0.9%, growth a month earlier - 0.5%). Recall that this indicator represents the volume of retail trade in the entire industry and is used to calculate the chain price index for most goods.

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November 13, 2021

Forex Forecast and Cryptocurrencies Forecast for November 15 - 19, 2021

Forex Forecast and Cryptocurrencies Forecast for November 15 - 19, 2021EUR/USD: Rising Inflation Equals to Rising USD

All US macroeconomic statistics turned out to be worse than forecast. But despite this, the American currency continues to grow. The DXY dollar index, which measures it against a basket of six other major currencies, hit 95.26 on Friday, November 12, gaining about 2% over the past two weeks. It would seem that everything should be the other way around. So, what is the reason for this strange situation? It turned out to be the rapid growth of inflation.

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November 6, 2021

Forex and Cryptocurrencies Forecast for November 08 - 12, 2021

Forex and Cryptocurrencies Forecast for November 08 - 12, 2021EUR/USD: Focus on the US Labor Market

The central events last week were the meetings of two regulators, the US Federal Reserve and the Bank of England. Traders were also certainly interested in data from the US labor market, including such an important indicator as the NFP, the number of jobs created outside the US agricultural sector.

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October 30, 2021

Forex and Cryptocurrencies Forecast for November 01-05, 2021

Forex and Cryptocurrencies Forecast for November 01-05, 2021EUR/USD: After ECB Meeting, Ahead of Fed Meeting

Last time the EUR/USD review was titled “In a state of uncertainty”, as confirmed by the previous week. Starting at 1.1643, the pair dipped to 1.1581, then rose to 1.1691, and ended the session with a new drop, this time to the 1.1560 level.

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October 23, 2021

Forex and Cryptocurrencies Forecast for October 25 - 29, 2021

Forex and Cryptocurrencies Forecast for October 25 - 29, 2021EUR/USD: In a State of Uncertainty

When giving their forecast a week ago, 20% of analysts were in favour of a decline in EUR/USD, 50% voted for it to rise, and 30% were neutral. As a result, 80% of those who pointed north and east were right. After starting at 1.1600, the pair first rose to 1.1668, then fell to 1.1616, and then moved sideways in this channel. After Friday's speech by the Fed Governor, the pair dropped to the bottom of this trading range but finished almost in its middle at 1.1643.

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October 17, 2021

Forex and Cryptocurrencies Forecast for October 18 - 22, 2021

Forex and Cryptocurrencies Forecast for October 18 - 22, 2021EUR/USD: Correction or Trend Change?

Having reached a local low of 1.1523 on Tuesday October 12, EUR/USD ended a five-week downward marathon, turned, and moved up. Since autumn started, the dollar has won back 385 points from the euro. And is the pan-European currency going to regain losses now?

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October 10, 2021

Forex and Cryptocurrency Forecast for 2022

Forex and Cryptocurrency Forecast for 2022EUR/USD: First Down, Then Up

The global economy is recovering from the effects of the COVID-19 pandemic, and this process will continue in 2022. At least. The forecast for global GDP growth of 6% is maintained this year. Growth will continue (unless there are new “surprises”) to roughly 5% next year, according to preliminary forecasts. However, this is an average indicator, and it is the difference in the rates of recovery of the economies of different countries that will affect the rates of their national currencies.

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October 2, 2021

Forex and Cryptocurrencies Forecast for October 04 - 08, 2021

Forex and Cryptocurrencies Forecast for October 04 - 08, 2021EUR/USD: Bears' New Win

EUR/USD fell to 1.1562 last week, breaking through the key support level of 1.1630, which separated the bullish trend that began in March 2020 from the bearish trend.

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September 25, 2021

Forex and Cryptocurrency Forecast for September 27 - October 01, 2021

Forex and Cryptocurrency Forecast for September 27 - October 01, 2021EUR/USD: Close Start of QE End

The Fed did not make any changes to its monetary policy at its meeting on September 21-22. However, the regulator made it clear in its commentary that it was possibly ready to start a gentle tapering of the monetary stimulus (QE) program as early as November.

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September 18, 2021

Forex and Cryptocurrency Forecast for September 20 - 24, 2021

Forex and Cryptocurrency Forecast for September 20 - 24, 2021EUR/USD: Awaiting US Fed Decision

The dollar continues to strengthen, and the EUR/USD pair moves south. Starting on Monday September 13 at 1.1810, it ends the five-day run at 1.1730. The movement is certainly not very strong, only 80 points. But it must be taken into account that it was 1.1908 two weeks ago, on September 03.

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September 11, 2021

Forex and Cryptocurrency Forecast for September 13 - 17, 2021

Forex and Cryptocurrency Forecast for September 13 - 17, 2021EUR/USD: Eurozone QE Recalibration

The ECB meeting on Thursday 09 September went off as expected with no surprises. The interest rate remained unchanged at 0%. The European regulator has proposed a “dovish” reduction in the monetary stimulus program (QE). More precisely, according to Christine Lagarde, the bank's governor, it is not even about “tapering” but “recalibrating” the program. And the decline in asset purchases in Q4 is just a reversal of the decision made in March to increase them. In doing so, the ECB remains flexible, and may change the pace of purchases early next year if necessary.

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September 4, 2021

Forex and Cryptocurrency Forecast for September 06 - 10, 2021

Forex and Cryptocurrency Forecast for September 06 - 10, 2021EUR/USD: Falling Dollar and Rising Risk Appetite

The majority is not always right. Thus, only 30% of the experts voted for EUR/USD to grow to 1.1900 last week. But they were the ones who proved right. After the release of data from the US labour market on Friday 03 September, the pair soared to a height of 1.1908, and finished five days at 1.1880. The weakening of the US currency continues after Fed chief Jerome Powell's dovish statements in Jackson Hole and amid uncertainty with the timing of the beginning to wind down the fiscal stimulation program (QE).

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August 29, 2021

Forex and Cryptocurrency Forecast for August 30 - September 03, 2021

Forex and Cryptocurrency Forecast for August 30 - September 03, 2021EUR/USD: Three Hawks and a Dove in Jackson Hole

The return of the EUR/USD pair to 1.1700-1.1900 was predicted by 35% of experts supported by 25% of oscillators that showed it was oversold. After renewing the annual low of 1.1665 on August 20, the pair did go into a correction, reaching 1.1775 on Thursday.

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August 21, 2021

Forex and Cryptocurrencies Forecast for August 23 - 27, 2021

Forex and Cryptocurrencies Forecast for August 23 - 27, 2021EUR/USD: Fed Needs Strong Dollar, ECB Needs Weak Euro

A previous review named the publication of the US Fed's FOMC meeting minutes on Wednesday 18 August as the most important event of the past week.  This document was supposed to clarify the situation regarding the timing of the curtailment of the monetary stimulus (QE) program. Of course, 100% clarity never came out. Some Fed executives still believe that it is necessary to start winding down stimulus at the earliest in spring 2022. However, there is also the opposite view that a parting with QE should happen before the end of this year. And it was this view that led to another decline in investor risk appetites and a further strengthening of the dollar.

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August 15, 2021

Forex and Cryptocurrencies Forecast for August 16 - 20, 2021

Forex and Cryptocurrencies Forecast for August 16 - 20, 2021EUR / USD: Focus on Inflation

The forecast given last week has come true 100%. Recall that 70% of experts suggested that EUR/USD will test the late March low at 1.1700 once again. And it did drop to the level of 1.1705 as early as Wednesday. However, the drivers for further strengthening the US currency were not enough, and the pair was moving in reverse, north, for the second half of the week.

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August 7, 2021

Forex Cryptocurrencies Forecast for August 09 - 13, 2021

Forex Cryptocurrencies Forecast for August 09 - 13, 2021EUR / USD: it's All About the Labor Market

The EUR/USD pair drew another wave of sine waves on the chart: it fell by the same amount in the first week of August as it rose in the last week of July.

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July 17, 2021

Forex and Cryptocurrencies Forecast for July 19 - 23, 2021

Forex and Cryptocurrencies Forecast for July 19 - 23, 2021First, a review of last week’s events:

EUR/USD. Macroeconomic data continued to arrive last week, indicating a recovery in the US economy and labor market. Inflation figures released on Tuesday July 13 were well above forecasts. Τhe consumer price index increased by 0.9% ιn June, and by 5.4% and on an annualized basis, which is the highest growth rate since 2008. The core index, which excludes energy and food prices, has posted record growth since 1991, at 4.5% year on year.

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July 10, 2021

Forex and Cryptocurrencies Forecast for July 12 - 16, 2021

Forex and Cryptocurrencies Forecast for July 12 - 16, 2021First, a review of last week’s events:

EUR/USD. As predicted by the majority (65%) of experts, the dollar continued to weaken at the beginning of the week, and the EUR/USD pair went up. Disappointing data from the US labour market, released on July 02, affected the dollar. According to forecasts, the unemployment rate was supposed to fall from 5.8% to 5.7%, however, contrary to expectations, it rose to 5.9%.

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July 3, 2021

Forex and Cryptocurrencies Forecast for July 05 - 09, 2021

Forex and Cryptocurrencies Forecast for July 05 - 09, 2021First, a review of last week’s events:

EUR/USD. Making a forecast for the previous week, the majority of analysts (60%), supported by 85% of oscillators and trend indicators, voted for the strengthening of the dollar and the decline of the EUR/USD pair to the June 18 low of 1.1845. The forecast turned out to be absolutely correct, and the pair reached the set goal as early as Wednesday, June 30. But the dollar did not stop there and its DXY index renewed a three-month high on Friday, July 02, peaking at 92.699.

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June 27, 2021

Forex and Cryptocurrency Forecast for June 28 - July 02, 2021

Forex and Cryptocurrency Forecast for June 28 - July 02, 2021First, a review of last week’s events:

EUR/USD. The data on the labor market and the US economy released last week did not have much positive to please. Q1 GDP growth (6.4%) coincided with forecast data, which is no better but also no worse than market expectations. And then there were some disappointments. Initial jobless claims were 411K with a forecast of 380K. The increase in durable goods orders for May was lower than expected at 2.3% instead of 2.7%. And capital goods orders fell into the negative zone, minus 0.1%. And all this is against the back of Markit's business growth in Germany (60.4 in June versus 56.2 in May) and in the Eurozone as a whole (59.2 vs. 57.1).

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June 19, 2021

Forex and Cryptocurrencies Forecast for June 21 - 25, 2021

Forex and Cryptocurrencies Forecast for June 21 - 25, 2021First, a review of last week’s events:

EUR/USD. The US Federal Reserve meeting on Wednesday June 16 was the key event of the week. No particularly significant decisions were made there: the interest rate remained unchanged at 0.25%. The Federal Reserve will also continue to print money and buy back assets in the previous volume of $120 billion. But, as expected, following the meeting, the regulator's roadmap was unveiled, as a result of which the dollar bulls got what they had been waiting for.

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