The Week Ahead

ECB Banks stress test, and FED meeting: Central Banks again in the spotlight

Upcoming Sunday, October 26th, the ECB will unveil the results of the health test it has performed on around 130 EZ banks. During the last few days, speculation that some banks, particularly from Italy, Portugal and Germany had failed the test, drove the common currency lower across the board.

Focus on Fed meeting

The most important event in the US this week is the Fed meeting on Wednesday. The Fed is likely to reiterate the ‘considerable time' forward guidance and the ‘significant underutilisation' description of the labour market.

EUR/USD: bulls at 1.2600 may capitulate soon

Another week, another round of concerns over the Euro zone and what's next for economic policies: the EUR/USD closes the week with strong losses, erasing almost all previous one gains, having spent most of the last 2 days stuck where it stands, around 1.2660.

Online Trading Analysis short course

Organized by FXStreet in association with University of Essex Online

Preferred brokers in your location

Investors need more clues: EUR/USD and GBP/USD not seen moving far away

Pair Average levels
1 Week 1 Month 1 Quarter
EURUSD 1.2613 1.2599 1.2531
GBPUSD 1.6069 1.6045 1.6062
USDJPY 107.73 108.04 109.64
USDCHF 0.9511 0.9597 0.9700
AUDUSD 0.8762 0.8685 0.8666
Pair Average levels
1 Week 1 Month 1 Quarter
USDCAD 1.1227 1.1243 1.1302
NZDUSD 0.7806 0.7766 0.7722
GBPJPY 173.49 174.74 177.55
EURJPY 136.80 136.16 138.05
EURGBP 0.7870 0.7828 0.7729

EUR/USD uncertainty pointing out a neutral stance for next week: investors are probably waiting for the FED before choosing direction.

GBP/USD short term neutral: the pair gains adepts as time goes by, with stronger buying interest seen in term.

USD/JPY limited below 110.00 for next week: sentiment has turned strongly bullish with latest recovery, pointing up to 115.00 in a quarterly view.

AUD/USD still heavy, bears dominate: condemned to remain below 0.9000 for the upcoming months, and even closer to 0.8500.

EUR/JPY limited downside, limited gains: Not seen far from current levels, the EUR/JPY is seen confined to the 135.00/138.00 range.

Forex Live Analysis Room with Dale Pinkert

From Traders to Traders in Live Analysis

Busy week in the Live Analysis Room with all developments covered in real time. Watch to analytical segments: EUR/USD to resume the downside below 1.2700, FED to complete final trim of QE next week; and EUR/USD rejected from 1.2660, USD/JPY breaking through 108.00: dollar still the king.

FED to complete final trim of QE next week

Dollar still the king

More Videos

Forex Software

Forex Tester

Professional Forex Training

Backtest your strategies on a computer simulator of Forex Market

Forex Tester Product Image

Dr. S. Sivaraman

Mon, Oct 27, 05:00 GMT

Register free!

Dr. Sivaraman will review the previous day close levels and calls given in his blog...

Nady Laymoud

Wed, Oct 29, 15:00 GMT

Register free!

In this webinar we will go through the essential steps needed to become...

Upcoming Live Events
Oct 27, 05:00 GMT Dr. S. Sivaraman
Oct 27, 12:00 GMT Premium Webinar Ed Ponsi
Oct 27, 13:00 GMT Premium Webinar Ed Ponsi


Online Trading Analysis short course

Organized by FXStreet in association with University of Essex Online

Apply now!

Trading and Gambling, What's the Difference?

Last week I spent 2 days at Caesars Palace in Las Vegas, giving a couple lectures at the Money Show....

Trading Is a Bit Like Gambling

When Trading Becomes Gambling...

Featured eBook

John Forman's Book

Opportunities in Forex Calendar Trading Patterns
Knowing the calendar forex trading patterns could make a huge difference in your trading performance. Find them in this comprehensive research report. More info

Connect with FXStreet

FREE Newsletter sign-up



MetaTrader: Platforms and Services

Download MetaTrader 4 or MetaTrader 5
Use Trading Signals to copy trades
Buy Trading Robot in MetaTrader Market
Enjoy MT4 and MT5 Mobile Trading

Latest from the FX Social Network

  • photo
    Oasis uploaded a photo 10 hours ago
    read more
  • photo
    satish kumar saini uploaded a photo 12 hours ago
    read more
  • photo
    Brian Twomey commented a blog post 13 hours ago
    Inside the Currency Market: Roundup, All Pairs
    EUR/USD, GBP, AUD, NZD are in correction unless 1.3400 breaks, 1.6600, 0.8843, 0.7923, USD/JPY is correction unless 105 breaks, CHF 0.9443, CAD 1.0800... read more Social Network

14030 members!

Join us now and connect with other traders!

EdMatts profile
Linda Yueh RT @madanielc: China le apunta a construir el "imperio de la Ley" en medio de un Sistema Político de Partido Único. Via @lindayueh http://t
04:31 GMT
EdMatts profile
03:54 GMT
EdMatts profile
Pablo Piovano Better Referees: Why College Football Needs to Herd Its Own Zebras Businessweek
03:01 GMT
EdMatts profile
zerohedge The American Dream Is Still Possible, Just Not In The US
02:07 GMT
EdMatts profile
Douglas C. Borthwick RT @businessinsider: Putin Just Gave One Of The Most Anti-American Speeches Of His Career by @ArminRosen
01:34 GMT
EdMatts profile
John Kicklighter This is what is on tap for the opening session of next week. Be careful if your trading Euro:
01:16 GMT
EdMatts profile
zerohedge The Farce Of European Stocks (In 1 Simple Chart)
01:11 GMT
EdMatts profile
Pablo Piovano Investment firm pumps £125m into Monarch travel business TheGuardian
01:06 GMT
EdMatts profile
European Commission RT @ECspokesPia: Who decides to increase Member states' GNI contribution to the #EU #budget and why? Answer to this and more here: http://t
01:02 GMT
EdMatts profile
zerohedge 50% Of American Workers Make Less Than $28,031 A Year
00:34 GMT
EdMatts profile
Francesc Riverola RT @FXStreetNews: A market in a technical snap-shot - RBS
00:28 GMT
EdMatts profile
Francesc Riverola RT @BloombergNews: Catalan independence gets a $680 million partner in @FCBarcelona:
00:09 GMT
EdMatts profile
zerohedge Yale Researcher: 12% Of Liberia's Most Populous County May Have Ebola By December 15
00:01 GMT
EdMatts profile
John Kicklighter Weekend Trading Video: $EURUSD Traders Buckle Up for FOMC, ECB Stress Tests, Risk Trends
23:57 GMT
EdMatts profile
zerohedge RT @AP: MORE: Second Calif. sheriff's deputy dies after being shot by man with assault rifle, authorities say:
23:48 GMT
EdMatts profile
zerohedge The Physics of the Hendo Hoverboard
23:47 GMT
EdMatts profile
zerohedge The World Series Of Real Estate
23:30 GMT
EdMatts profile
Pablo Piovano Taylor Swift and <em>1989</em> Can Save the Record Industry Businessweek
23:23 GMT
EdMatts profile
zerohedge Martin Armstrong On The Danger Of Conspiracy Theories
23:01 GMT
EdMatts profile
John Kicklighter Weekend Strategy Video: What is the Market Pricing in for Wednesday’s Fed Decision?
22:57 GMT

Webinar Extract

Price Action vs Indicators by Alex Ong

Currency Converter