2022 May Outlook for G7 Currencies Dollar, Euro and Pound Bullish outlook for Dollar: Dollar reached a new 20-year high at the 104 level, as investors continued to bet on further tightening of monetary policy by the Federal Reserve to tackle strong inflationary pressures and slowing economic...
2022 April Outlook for G7 Currencies Dollar, Euro and Pound Bullish outlook for Dollar: Dollar extended its rally to reach the highest level in nearly two years as geopolitical tensions and a hawkish Fed buoyed demand for the safe-haven asset. Fed officials signalled readiness to take on...
2022 March Outlook for G7 Currencies Euro and Pound Bearish Euro and Pound: Euro held around $1.11 and the Sterling depreciated to the $1.33 level at the beginning of March 2022. Both currencies have underperformed over the month as the Russian-Ukrainian crisis has eroded the appeal of...
2022 February Outlook for G7 Currencies Euro and Pound Mixed Euro and Pound: Euro held under $1.15500 and the Sterling held at about the $1.36000 level at the beginning of February 2022. Going forward, given the strength of the dollar, the euro and pound could still see...
2022 January Outlook for G7 Currencies Euro and Pound Bearish Euro and Pound: Euro held at about $1.13 and the Sterling held at around the $1.35 level to start off the new year in January 2022. Going forward, given the strength of the dollar, the euro and...
2021 December Outlook for G7 Currencies Dollar Currency Index: Bearish below 96.840 S1 S2 R1 R2 94.620 - 96.840 98.000 DXY Fundamentals Bullish dollar: The emergence of the omicron variant, as well as the recent underwhelming Nonfarm payroll data, gives strength to the dollar as markets and investors face a general risk-off sentiment. US equities are...
2021 November Outlook for G7 Currencies Dollar Currency Index: Bullish above 93.500 The DXY is showing bullish momentum on the daily time frame, as prices continue to hold above both the Ichimoku cloud and ascending trendline support. Stochastics is also approaching the support level at 20.00...
2021 October Outlook for G7 Currencies Dollar Currency Index: Bearish below 94.800 On the daily time frame, prices are testing the resistance zone at 94.800, which coincides with the graphical high, 127.2% Fibonacci retracement and 127.2% Fibonacci extension. Stochastics are also approaching resistance where price has...
2021 September Outlook for G7 Currencies Dollar Currency Index: Bullish above 91.800 On the daily time frame, prices are facing bullish pressure from the support zone at 91.800 which coincides with the graphical low, 161.8% Fibonacci retracement and 127.2% Fibonacci extension. Price is now holding above the...