The Week Ahead

EUR/USD back under pressure as Draghi fuels QE expectations

Draghi came out and ruined decent euro's performance for the week, sending EUR/USD closer to 1.2400 with his dovish comments. European Central Bank President said the ECB is ready to act in a timely manner...

'A rebound from the EURUSD is more likely to be restrained and a struggle' − John Kicklighter, DailyFX

An eased outlook for the timing of the Fed rate hike is the most capable spark for bulls here, but the ECB is committed to be the most dovish central bank in town...

Week Ahead in Currencies

The EUR got jawboned on the last trading session of the current week after the ECB head Mario Draghi indicated willingness to expand the current monetary stimulus if the inflation in the Eurozone continues to stay low.

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The war is in every single pip; EUR/USD, GBP/USD and USD/JPY in range

Pair Average levels
1 Week 1 Month 1 Quarter
EURUSD 1.2404 1.2357 1.2229
GBPUSD 1.5668 1.5642 1.5724
USDJPY 117.73 117.30 117.13
USDCHF 0.9687 0.9765 1.0256
AUDUSD 0.8661 0.8627 0.8597
Pair Average levels
1 Week 1 Month 1 Quarter
USDCAD 1.1246 1.1294 1.1317
NZDUSD 0.7845 0.7763 0.7696
GBPJPY 183.71 183.51 185.92
EURJPY 145.31 145.40 144.88
EURGBP 0.7883 0.7842 0.7769

Not a lot of faith for a rebound in the EUR/USD: FXpoll participants do not believe that dollar will lose ground in the short or medium term.

No mercy for Pound: At least in the short term FXpoll participants observe a GBP/USD at minimum.

Not so fast for the USDJPY: It seems that the pair will remain close to 117.00 for at least the next three months.

You thought something different in the AUDUSD? The Aussie will remain weak and it seems that the situation will not change in the short or medium term.

The anti-euro environment is pressuring the EUR/JPY: Forecasters don't expect rallies in the middle term.

Forex Live Analysis Room with Dale Pinkert

From Traders to Traders in Live Analysis

Dale Pinkert is back to home in the Live Analysis Room and so his interviews. Watch two outstanding segments: Rob Booker: EUR/USD possible 1.2950; USD/JPY looking for 120.00 even 140.00; and Yohay Elam: Watch out 1.26 in EUR/USD; AUD/USD vulnerable; USD/CAD peaked.

Yohay Elam @ForexCrunch

Rob Booker @Robbooker

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