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Euro Forecast: EUR/USD Price Outlook Still Positive, 1.22 In Traders' Sights
Article By:
DailyFX
Sunday, May 2, 2021 1:58 PM EDT
The Eurozone statistics due in the week ahead are second-tier so unlikely to have much of an impact on EUR/USD as the focus will be on Thursday’s meeting of the Bank of England’s monetary policy committee and Friday’s US non-farm payrolls data.
Markets Week Ahead: US Dollar, Dow Jones, Gold, British Pound, BoE And Scottish Election
Article By:
DailyFX
Sunday, May 2, 2021 12:44 PM EDT
The Bank of England is due for its next monetary policy announcement. This is as Scotland holds parliamentary elections. As such, it could be a volatile week for Sterling.
Weekly Forex Forecast - Sunday, May 2
Article By:
Christopher Lewis
Sunday, May 2, 2021 12:27 PM EDT
The euro initially rallied during the week but also gave up its gains late to form a very negative-looking candlestick. Having said that, it is very likely that we should see some type of support near the 1.20 level.
Forex Forecast: Pairs In Focus - Sunday, May 2
Article By:
Daily Forex
Sunday, May 2, 2021 10:58 AM EDT
I see the best likely opportunity in the financial markets this week being long of the Canadian dollar against the Japanese yen, and long of the S&P 500 Index following a daily (New York) close above 4220.