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The Week Ahead

QE In & Out: FED says bye, BOJ applies more, ECB ready to launch it? NFP to impress

Had you had enough fun yet? Well don't get complacent: huge fundamentals are also expected to rock the markets next week, being at the top ECB economic policy meeting and US Payrolls.

US Payrolls watched for signs of further labour market tightening

We expect another solid report with a 230K rise in payrolls and the unemployment rate holding steady at 5.9%. Meanwhile, earnings are expected to tick up modestly, to 2.1% y/y.

EUR/USD: bearish towards 1.2370 and beyond

The week ends with the EUR/USD posting a lower low for the year at 1.2485, holding a handful pips above it by London close. During the last 3 trading days, the pair gave up almost all of its October gains, ending the month finally in red.

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Dollar come backs, EUR and JPY to suffer the most

Pair Average levels
1 Week 1 Month 1 Quarter
EURUSD 1.2468 1.2386 1.2375
GBPUSD 1.5965 1.5869 1.5895
USDJPY 111.85 112.51 112.09
USDCHF 0.9683 0.9784 0.9794
AUDUSD 0.8719 0.8653 0.8679
Pair Average levels
1 Week 1 Month 1 Quarter
USDCAD 1.1308 1.1343 1.1343
NZDUSD 0.7758 0.7692 0.7685
GBPJPY 179.09 181.47 182.83
EURJPY 139.94 139.94 141.15
EURGBP 0.7792 0.7745 0.7696

EUR/USD market makes up its mind: bears rule the pair short and long term, with 1.3000 becoming now history.

GBP/USD mild increase of the bearish potential: Pound seen resisting dollar strength, sideways to bearish yet with the downside limited.

USD/JPY BOJ surprise overlaps forecasts: market finally followed experts, with the pair still seen higher in term.

AUD/USD down we go, 0.8650 next big target: despite the comatose range the pair had for most of October, market sentiment turned bearish for Aussie, not yet seen challenging the lows.

EUR/JPY longer term biased north: yen weakness to drive the pair higher in a quarterly view, buyers seen on approaches to 140.00.

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From Traders to Traders in Live Analysis

A busy week in the Live Analysis Room with all events covered in real time. Watch two analysis segments: Larian for Larians: Ziggy's outlook of the US economy and how to play it; and Dollar poised to extend gains next week: EUR/USD pointing to 1.2370.

Dollar poised to extend gains next week

Ziggy’s outlook of US economy; how to play it

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