The European currencies gained support on the view that there could be an end to the war in Ukraine and a ceasefire, but what are the chances of a ceasefire, and what currencies will be impacted if there isn't one? Our views below and a few pairs to watch.
Read more: FX Best Trade Setups: Russia – Ukraine War Ceasefire Talks 4 x Pairs to Watch
The majority of forecasters are bearish of the USD, but the USD is trading above recent lows and looks set for a big move higher in our view.
Read more: DXY US Dollar Index Analysis – Building a Base for a Big Move Higher?
We saw the Bank of England cut rates today, and the market views the statement as hawkish. Sterling is on the way up today, but how much further can it go?
Read more: GBP/USD Analysis Bank of England Meeting Reaction
USD/JPY Pullback a Buying Opportunity?
After last week's big fall in USD/JPY, we are seeing low volatility and think the USD will now break to the upside. Our view of the fundamentals, sentiment, and key technical levels to watch are outlined below.
We have seen EUR/USD bounce to the upside, but we see the bounce as a sell. Our view of the fundamentals, sentiment, and technicals below.
Read more: EUR/USD Analysis and Outlook Bounce Higher a Sell?
In terms of Non Farm Payrolls (NFP, we had a below forecast number, which has seen Investors now see an 80% probability to a 25bp rate cut from the Federal Reserve in September. The USD, DXY has steadied after a major sell off but can it rally from here, or will we see a move back to recent lows?
Read more: DXY US Dollar Index Forecast – Below Forecast NFP is the DXY Uptrend Over?
The SEK has been one of the best-performing currencies versus the USD in recent months, but we are now seeing the USD firm up and expect more upside. We see the USD as a buy on dips or a breakout higher.
Enclosed our view on USD/JPY after a major move to the downside, we think a major move to the upside is unfolding. Our view of the fundamentals, sentiment, and technicals below.
Read more: USD/JPY Outlook and Forecast – Major Upside to Unfold
EUR/USD has been in a strong uptrend, but we now expect it to end and see it as a sell on rallies or on downside breakouts, our view of the fundamentals, sentiment, and key technical levels below
Read more: EUR/USD Outlook and Forecast End of the Bull Trend?
USD/CAD looks an attractive risk to reward trade on an upside breakout in our view. Below, find a summary of the fundamentals and the key technical levels to look out for...
Read more: USD/CAD Analysis and Forecast – Buy an Upside Breakout
We saw the USD/JPY break the 144.00 level, which we saw as significant in a previous article, and after moving strongly to the upside, we have seen a pullback which we view as a buy. Our view of the fundamentals, sentiment, and key technical levels to look out for below.
Read more: USD/JPY Analysis and Outlook – Dip a Buying Opportunity
