Market Analysis For Week Of 07 September 2014?

QUESTION:

Could you provide a market analysis with trading tips for the coming week starting 07 September?

ANSWER:

Yes! We are very happy to provide this kind of analysis, not only to highlight potential trade set-ups for you to watch out for, but also to enhance your learning with some real-time market analysis.

Each week we like to send out our thoughts on the Forex market, not only to highlight potential trade set-ups for you to watch out for, but also to enhance your learning with some real-time market analysis.

This week we’ll begin with our monthly and weekly forecasts of the currency pairs worth watching. The first part of our forecast is based upon our research of the past 11 years of Forex prices, which show that the following methodologies have all produced profitable results:

Let’s take a look at the relevant data of currency price changes and interest rates to date, which we compiled using a trade-weighted index of the major global currencies:

Monthly Forecast September 2014

We forecasted that the pair most likely to change in value significantly during the month of September would be EUR/AUD, which we expected will fall in value. This pair has been the strongest mover in the market over the previous 1 month, 3 month, and 6 month periods. It has already moved in our forecast direction by almost 2% this month.

Weekly Forecast 7th September 2014

There were no strong weekly movements against longer-term trends last week, so we take no position. It was a fairly active week with an increase in volatility. The movements were in line with prevailing trends, with the AUD and USD strong and the GBP, EUR and to a lesser extent the JPY being weak. Almost half of the major and minor pairs changed in value by more than 1%, so this was a more volatile week than we have seen for some time.

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