TRADING ECONOMICS provides forecasts for major currency exchange rates, forex crosses and crypto currencies based on its analysts expectations and proprietary global macro models. The current forecasts were last revised on September 12 of 17/01/ · EURUSD Forex market outlook for I’m going to talk about the euro versus the dollar in this video and my outlook for This is as of January 1 st, Every new tick, every little move up or down that the euro does from here on gives new information. This report that I’m doing today is as of January 1 st 7 hours ago · Forex Technical Analysis & Forecast September 23, Financial News Forex and Currency News. The Analytical Overview of the Main Currency Pairs on →
Forex Forecast & Forex Technical Outlook for 13 to 17 September
The Chinese economy is losing steam, the coronavirus has scared Australia, and the Fed intends to normalize monetary policy, 2021 forex outlook. What could be worse for AUDUSD bulls? Let us discuss the Forex outlook and make up a trading plan for AUDUSD and AUDJPY. Trouble comes in threes. It is hard to imagine a more troubling Forex currency than the Australian dollar. Lockdowns due to a sharp deterioration in the epidemiological situation are not its only problem.
The slowdown in the Chinese economy, the fall in commodity prices and growing interest in the greenback against the background of expectations of the start of the Fed monetary policy normalization 2021 forex outlook the problems of AUDUSD bulls unbearable.
The pair collapsed to the previously indicated target by 0. The 9-month bottom is not the limit. While the Fed officials are speculating when and how much to reduce QE, the Reserve Bank of Australia is ready to increase monetary stimulus. According to the minutes of its August meeting, 2021 forex outlook, this will happen if the bad news gets very bad. Westpac expects the economy to contract by 2. The hope that GDP will quickly recover after taking control of the COVID situation, including through accelerated vaccinations, has allowed the Reserve Bank to maintain its QE withdrawing plan in September.
Commonwealth Bank of Australia is less optimistic. According to the bank, the recovery of the Australian economy by the end of is very improbable. The road to the uptrend will be quite bumpy, 2021 forex outlook, and GDP growth will be uneven. In such an environment, no one will be surprised by the increase in the scale of monetary stimulus. Do not be fooled by the decline in unemployment in July to 4. The calculation was made before lockdowns. NAB predicts unemployment growth to 5.
If in the first half of the AUDUSD bulls were afloat thanks to the strong positions of the commodity market, then the rapid drop in oil, 2021 forex outlook, iron ore and other commodities exported by Australia made them retreat in 2021 forex outlook. If to add the slowdown in domestic demand in China, frightened by COVID, there are no good prospects for the Australian dollar.
Moreover, 2021 forex outlook correction of the US stock indices and the associated deterioration of the global risk appetite can cause another blow to the AUDUSD bulls positions and lower the pair price below the psychologically important level of 0, 2021 forex outlook.
Continue to adhere to the sales strategy. The situation around the AUDJPY pair looks no better. The other day 2021 forex outlook recommended opening AUDJPY short trades in the direction of Bad news from Australia has exacerbated the downside risks 2021 forex outlook Forecast as of Save my name, email, and website in this browser for the next time I comment.
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23/09/ · Aussie: from bad to worse. Forecast as of ; Short-term analysis for oil, gold, and EURUSD for ; Dollar is to wake up Forex. Forecast as of ; Short-term forecast for BTCUSD, XRPUSD and ETHUSD 17/01/ · EURUSD Forex market outlook for I’m going to talk about the euro versus the dollar in this video and my outlook for This is as of January 1 st, Every new tick, every little move up or down that the euro does from here on gives new information. This report that I’m doing today is as of January 1 st 7 hours ago · Forex Technical Analysis & Forecast September 23, Financial News Forex and Currency News. The Analytical Overview of the Main Currency Pairs on →
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