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Capital Finance International Magazine (CFI.co)颁赠
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Capital Finance International Magazine (CFI.co)颁赠
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2022年迪拜Forex Expo获颁赠
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CFI.co于2022年颁赠
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CFI.co于2022年颁赠
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World Finance Forex Awards 2022 颁发
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CFI.co于2021年颁赠
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FinTech Age Awards颁发
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World Finance Magazine 颁赠
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荣获 World Finance Forex Awards 2018 颁赠
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2016年最佳黄金经纪商
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荣获2023年City of London Wealth Management Awards
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荣获2022年City of London Wealth Management Awards
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CFI.co于2022年颁赠
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2021年迪拜外汇博览会获颁赠
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荣获2021年City of London Wealth Management Awards
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荣获2020年City of London Wealth Management Awards
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Capital Finance International Magazine (CFI.co)颁赠
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Capital Finance International Magazine (CFI.co)颁赠
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荣获2019年City of London Wealth Management Awards
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Shares Magazine 授予 UK Forex Awards 2018
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Capital Finance International Magazine (CFI.co)颁赠
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World Finance Forex Awards 2022 颁发
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荣获Global Forex Awards 2021 — 零售外汇 颁赠
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World Finance 2021颁发
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Global Forex Awards 2021 — B2B 颁赠
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Global Forex Awards颁赠
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CFI.co于2020年颁赠
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荣获Global Business Awards 2020
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World Finance Magazine 颁赠
World Finance Forex Awards 2020 -
World Finance Magazine 颁赠
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Global Forex Awards颁赠
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Global Forex Awards颁赠
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FinTech Age Awards颁发
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World Finance Magazine 颁赠
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2016年最佳黄金经纪商
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2015最佳外汇交易平台
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2015最佳金融交易平台
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2013最佳创新外汇平台奖
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CFI.co于2023年颁赠
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荣获2023年City of London Wealth Management Awards
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荣获2022年City of London Wealth Management Awards
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CFI.co于2022年颁赠
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2021年迪拜外汇博览会获颁赠
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Ultimate Fintech 2021年颁赠
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荣获2021年City of London Wealth Management Awards
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FX168于2020年12月颁赠
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荣获Global Business Awards 2020
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荣获2020年City of London Wealth Management Awards
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Capital Finance International Magazine (CFI.co)颁赠
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Capital Finance International Magazine (CFI.co)颁赠
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荣获2019年City of London Wealth Management Awards
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Shares Magazine 授予 UK Forex Awards 2018
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Capital Finance International Magazine (CFI.co)颁赠
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Capital Finance International Magazine (CFI.co)颁赠
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2017年伦敦财富管理奖
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2016最佳本土 客户服务
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中东和北非地区（MENA）增长最快的经纪商
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2015年最佳外汇科技提供商
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2014年最佳外汇科技提供商
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Capital Finance International Magazine (CFI.co) 2024年颁赠
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CFI.co于2023年颁赠
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交易社区平台FOLLOWME于2022年颁赠
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2022年迪拜Forex Expo获颁赠
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2022年迪拜Forex Expo获颁赠
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CFI.co于2022年颁赠
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CFI.co于2022年颁赠
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World Finance Forex Awards 2022 颁发
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World Finance Forex Awards 2022 颁发
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World Finance Forex Awards 2022 颁发
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交易社区平台FOLLOWME于2021年颁赠
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2021年埃及Smart Vision Investment Expo博览会获颁赠
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CFI.co于2021年颁赠
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CFI.co于2021年颁赠
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荣获Global Forex Awards 2021 — 零售外汇 颁赠
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荣获Global Forex Awards 2021 — 零售外汇 颁赠
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World Finance 2021颁发
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World Finance 2021颁发
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FOLLOWME于2021年颁赠
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Global Forex Awards 2021 — B2B 颁赠
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Global Forex Awards颁赠
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Global Forex Awards颁赠
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CFI.co于2020年颁赠
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荣获Global Business Awards 2020
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World Finance Magazine 颁赠
World Finance Forex Awards 2020 -
World Finance Magazine 颁赠
World Finance Forex Awards 2020 -
FOLLOWME交易社区授予
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Global Forex Awards颁赠
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Global Forex Awards颁赠
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FinTech Age Awards颁发
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World Finance Magazine 颁赠
World Finance Forex Awards 2019 -
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荣获 World Finance Forex Awards 2018 颁赠
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荣获2018年埃及金融博览会颁赠
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荣获 Shares Magazine 的 UK Forex Awards 2017 颁赠
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2016年最佳黄金经纪商
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Global Brands Magazine 颁赠
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荣获2022年埃及金融博览会颁赠
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2015最佳外汇交易平台
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2015最佳金融交易平台
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2013最佳创新外汇平台奖
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2020年 Cyprus HR Awards 颁赠
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金融行业的佼佼者
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2014年首届亚军
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Finance Magnates 颁发
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Finance Magnates 颁发
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COLWMA 2024年颁赠
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荣获World Finance Forex Awards 2023欧洲最佳外汇经纪商奖
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荣获World Finance Forex Awards 2023澳大拉西亚最佳外汇经纪商奖
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荣获World Finance Forex Awards 2023拉丁美洲最佳外汇经纪商奖
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荣获World Finance Forex Awards 2023中东最佳外汇经纪商奖
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CFI.co于2023年颁赠
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荣获2023年City of London Wealth Management Awards
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荣获2022年埃及金融博览会颁赠
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荣获2022年City of London Wealth Management Awards
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CFI.co于2022年颁赠
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荣获Global Forex Awards 2022 — 零售外汇 颁赠
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2021年迪拜外汇博览会获颁赠
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Ultimate Fintech 2021年颁赠
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荣获2021年City of London Wealth Management Awards
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FX168于2020年12月颁赠
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荣获Global Business Awards 2020
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荣获2020年City of London Wealth Management Awards
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Capital Finance International Magazine (CFI.co)颁赠
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Capital Finance International Magazine (CFI.co)颁赠
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荣获2019年City of London Wealth Management Awards
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Shares Magazine 授予 UK Forex Awards 2018
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Capital Finance International Magazine (CFI.co)颁赠
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Capital Finance International Magazine (CFI.co)颁赠
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2017年伦敦财富管理奖
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2016最佳本土 客户服务
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中东和北非地区（MENA）增长最快的经纪商
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2015年最佳外汇科技提供商
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2014年最佳外汇科技提供商
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荣获 The Trading Show 2024年非洲 Africa Fintech 峰会颁赠
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荣获2024年中东地区 Brokersview 颁赠
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投查查于2024年颁赠
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Capital Finance International Magazine (CFI.co) 2024年颁赠
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CFI.co于2023年颁赠
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CFI.co于2023年颁赠
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交易社区平台FOLLOWME于2022年颁赠
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2022年迪拜Forex Expo获颁赠
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荣获Global Forex Awards 2022 — 零售外汇 颁赠
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CFI.co于2022年颁赠
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CFI.co于2022年颁赠
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World Finance Forex Awards 2022 颁发
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World Finance Forex Awards 2022 颁发
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交易社区平台FOLLOWME于2021年颁赠
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2021年埃及Smart Vision Investment Expo博览会获颁赠
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CFI.co于2021年颁赠
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荣获Global Forex Awards 2021 — 零售外汇 颁赠
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荣获Global Forex Awards 2021 — 零售外汇 颁赠
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World Finance 2021颁发
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FOLLOWME于2021年颁赠
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Global Forex Awards 2021 — B2B 颁赠
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CFI.co于2020年颁赠
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荣获Global Business Awards 2020
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World Finance Magazine 颁赠
World Finance Forex Awards 2020 -
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FOLLOWME交易社区授予
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Global Forex Awards颁赠
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World Finance Magazine 颁赠
World Finance Forex Awards 2019 -
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荣获 World Finance Forex Awards 2018 颁赠
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荣获 Shares Magazine 的 UK Forex Awards 2017 颁赠
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2015年最佳本地客户服务
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Global Brands Magazine 颁赠
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Online Money Awards 2022 颁发
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2015最佳外汇交易平台
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2015最佳金融交易平台
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2013最佳创新外汇平台奖
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2020年 Cyprus HR Awards 颁赠
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金融行业的佼佼者
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认证最优金牌级别
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2014年首届亚军
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【XM Group】--Weekly Forex Forecast –EUR/USD, USD/JPY, USD/CAD, NZD/USD
Risk Warning:
The purpose of information release is to warn investors of risks and does not constitute any investment advice. The relevant data and information are from third parties and are for reference only. Investors are requested to verify before use and assume all risks.
Hello everyone, today XM Forex will bring you "【XM Group】--Weekly Forex Forecast –EUR/USD, USD/JPY, USD/CAD, NZD/USD". I hope it will be helpful to you! The original content is as follows:
Fundamental Analysis & Market Sentiment
I wrote on 29th December that the best trade opportunities for the week were likely to be:
- Short of the EUR/USD currency pair following a daily close below $1.0351. This set up on Thursday and unfortunately the price rose by 0.45% on Friday.
- Long of the USD/JPY currency pair. This fell by 0.34% over the week.
- Long of the NASDAQ 100 Index following a daily (New York) close above 22,100. This did not set up.
The weekly loss of 0.79% equals 0.26% per asset.
Last week saw a more active market as the Christmas holiday came to an end; the very few key takeaways were:
Last week saw continued risk-off sentiment, with particular fears of President-Elect Trump's recent tariff threats and of slowing growth data in many G20 nations. However, towards the end of last week, there was a recovery in risk sentiment. However, two US Fed members made hawkish comments over the weekend about inflation not yet being under control, which may boost the US Dollar and weaken US stocks when markets open Monday.
The British Pound and Euro are notably weak in the Forex market, while the US Dollar and the Japanese Yen are strong.
There was little high-impact data last week, but there will be this coming week, so markets will probably be much more active now that the seasonal holiday is over.
The Week Ahead: 6th - 10th January
The coming week has a much fuller schedule, so we are very likely to see increased market activity and volatility.
The coming week’s important data points are:
Monday is a public holiday in Italy.
Monthly Forecast January 2025
For the month of December, I forecasted that the EUR/USD currency pair would fall in value. The final performance of my forecast was:
For January, I forecasted that the USD/JPY currency pair would rise in value and that the EUR/USD currency pair would fall in value
Weekly Forecast 5th January 2025
Last week, I made no weekly forecast as there were no unusually strong price movements in currency crosses, which is the basis of my trading strategy.
The Japanese Yen was the strongest major currency, while the Euro was the weakest. Volatility was much higher last week, with 30% of the most important Forex currency pairs and crosses changing in value by more than 1%. It is likely to increase again this week.
You can trade these forecasts in a real or demo Forex brokerage account.
Key Support/Resistance Levels for Popular Pairs
Technical Analysis
US Dollar Index
Last week, the US Dollar Index again printed a bullish candlestick that continued toward the long-term bullish trend, bullishly breaking out to make its highest close in more than 2 years. The price is above its price from three and six months ago, suggesting a healthy long-term bullish trend in the greenback that should be exploitable. The breakout was from an inside bar, which suggests that momentum could be good. On the other hand, the weekly candlestick has a significant upper wick, which shows the Dollar has already given back some of its gains.
I have plenty of fundamental reasons to be bullish on the US Dollar after the Federal Reserve’s hawkish tilt three weeks ago, which took markets by surprise and triggered a rise in the greenback and a sharp selloff in stocks, while US treasury yields rose. Comments from two Fed members over the weekend that inflation is still not under control could also produce hawkish sentiment towards the greenback and push the price higher still, stoking bullish momentum here.
Overall, the Dollar is more likely to rise than fall over the coming week. The price has room to rise to at least the next resistance level at 110.00.
EUR/USD
The EUR/USD currency pair is in a valid long-term bearish trend. This currency pair typically takes its time to move, with its trends usually including plenty of deep retracements, but for almost three weeks after plunging to a new long-term low price well below $1.0400, the price consolidated without turning definitively bearish.
This has changed over the past three weeks, and the past week finally saw a further significant breakdown. The Euro suddenly weakened, although it is not obvious why. The price traded below $1.0225 for a time, its lowest price in more than two years.
This currency pair often has very reliable trends, so I am interested in being short, especially after last week’s breakdown, which has it now trading in “blue sky”.
USD/JPY
The USD/JPY currency pair did not rise last week, although the fact that the entire week was a public holiday in Japan was significant. However, the souring risk sentiment in global markets has boosted the Japanese Yen to begin acting as a safe haven again, and recent weeks have seen Japanese monetary policy as a stronger driver of the price.
I still see this currency pair as a buy, as it tends to trend quite reliably over the long term, but I have less confidence in this trend than I do in the bearish trend in EUR/USD because the price here is still well below a relatively recent peak.
Another factor lowering my confidence in the bullish trend is that the Bank of Japan will eventually start implementing a more hawkish monetary policy. When that finally really starts to happen with the Bank of Japan's next rate hike, the price will be very likely to start moving down, so the trend is vulnerable to policy.
USD/CAD
Last week, the USD/CAD currency pair printed another bullish candlestick, closing near its high, but the price did not quite make a new 2-year high. A look at the weekly chart below shows that the bullish momentum has been strong here since October, and the trend here has been stronger and clearer than any other trend in the Forex market, which does not often happen in this currency pair as the US and Canadian economies do not tend to be pergent.
The story is really about US economic success and a more hawkish Fed boosting the greenback, while Canada is dealing with several problems right now, both financial and political, which are feeding through to make a weaker Loonie.
This currency pair does not trend very reliably, so I don’t take long-term trades in it, but it certainly looks very weak right now. All the commodity currencies except maybe the Australian Dollar are looking very weak right now, so it might be an idea to use the CAD and the NZD together as the short component of any Forex trades you are making this week, or at least part of the short component by creating a basket. For example, if you were short two lots of EUR/USD, you might also be one lot of USD/CAD long.
Of course, early January can cause strange and volatile price movements in the Forex market that can end trends quickly, so keep an eye out for that.
NZD/USD
Last week, the NZD/USD currency pair printed a fifth consecutive bearish candlestick, closing not far from its low. It closed at a new 2-year low, a significant bearish breakdown in any asset. However, the candlestick was small, suggesting that momentum may have slowed, although it was a holiday week, so the market was slow.
This currency pair does not trend very reliably, so I don’t take long-term trades in it, but it certainly looks very weak right now. The Aussie has gotten a bit stronger, but for a few weeks, I have been talking about weakness in all the commodity currencies, notably the Canadian Dollar and the Kiwi.
Bottom Line
I see the best trading opportunities this week as:
- Short of the EUR/USD currency pair.
- Long of the USD/JPY currency pair.
The above content is all about "【XM Group】--Weekly Forex Forecast –EUR/USD, USD/JPY, USD/CAD, NZD/USD", which is carefully compiled and edited by XM Forex editor. I hope it will be helpful for your trading! Thank you for your support!
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