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The Week Ahead

EUR/USD Forecast: ECB and NPF done. Now what?

The EUR/USD pair is about to close the week in the red, in this last week of summer holidays, having survived around the 1.1100 level the two major events of the month: the ECB economic policy meeting, and the US Nonfarm Payroll report. When it comes to the first, the European Central Bank surprised negatively on the markets, with a more dovish than−expected stance...

China concerns to dominate

China outlook continues to dictate risk sentiment. Global risk sentiment remained subdued over the past week despite the Chinese trading...

Horseshoes, Hand Grenades and FOMC Mandates

The headline print of 173,000 new jobs in August was below consensus expectations for 217,000. Although after accounting for revisions...

Dollar bulls marching higher, EUR doomed

Pair Average levels
1 Week 1 Month 1 Quarter
EURUSD 1.0942 1.0895 1.0709
GBPUSD 1.5135 1.5327 1.5269
USDJPY 119.54 121.66 122.68
USDCHF 0.9840 0.9815 0.9998
AUDUSD 0.6894 0.6975 0.6851
Pair Average levels
1 Week 1 Month 1 Quarter
USDCAD 1.3265 1.3248 1.3406
NZDUSD 0.6308 0.6296 0.6230
GBPJPY 180.73 182.67 181.45
EURJPY 131.37 131.64 131.78
EURGBP 0.7231 0.7171 0.6974

EUR/USD increasingly bearish sentiment: is not just about a FED rate hike now, the ECB smashed EUR's hopes of a new leg north.

GBP/USD bearish trend resumes, more slides ahead: Pound weakness set to extend, with the pair seen lower in range in a three-month view.

USD/JPY downside limited, dollar still seen gaining: the pair is poised to recover, although 125.00 is still out of sight.

AUD/USD no hopes for Aussie, confined below 0.7000: most experts agree that the bearish trend will continue, with fresh multi-year lows at sight for this week.

EUR/JPY getting closer to 130.00: the bearish trend remains firm in place, with the pair hardly seen beyond 135.00 on recoveries this quarter.

Forex Live Analysis 

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Sharing Ideas, Charts and Strategies on LIVE

Busy week in the Live Analysis Room as the community took profit of the volatility and it was sharing charts, ideas and strategies in real time every day from 13:00 GMT; 9 am EST. Watch segments:

- US Nonfarm Payrolls Coverage + Scott Carney @harmonictrader.
- George Pearkes @georgepearkes: No stop loss orders in illiquidity times.
- The Use Less Leverage Song.


Nonfarm Payrolls Live Coverage

M. Burstein: In mini-depression into Oct 1st

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