Yohay Elam | TalkMarkets | Page 83
Contributor's Links: Forex Crunch
Yohay Elam has been into forex trading for over 5 years, and shares the experience and the knowledge accumulated after taking a short course about forex. Like many forex traders, Elam has earned the significant share of his knowledge the hard way. Macroeconomics, the impact of news on the ...more

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EUR/USD: Fall Coming? Failure To Advance On Several Positive Developments Points Down
Euro/dollar is capped below the 50 and 100 Simple Moving Averages after failing to rise above them. While momentum is waning, it remains to the downside. All in all, bears are in the lead.
GBP/USD Forecast: Brexit, Bearish Bias, And Fears Of A Birmingham Lockdown All Weighing
Pound/dollar is trading below the 50 and 100 Simple Moving Averages on the four-hour chart and is suffering from downside momentum.
EUR/USD: Struggling To Recover For Three Good Reasons, Set To Resume Falls?
EUR/USD is edging toward 1.18 amid hopes for COVID-19 solutions, yet held by European developments. 
USD/JPY Forecast Aug. 24-28 – Japanese Yen Limps Along
The Dollar/yen pair moved lower last week, erasing the gains made previously. On the fundamental front, the focus will be on Japanese inflation indicators. We’ll look at BoJ Core CPI, which is believed to be the preferred gauge of inflation.
Forex Weekly Outlook Aug. 24-28 – Japanese GDP Slides, Fed Minutes Express Concern
The upcoming week will see the UK and the eurozone release consumer inflation data. As well, Japan releases GDP for the second quarter. In the Eurozone, CPI was revised to 0.4%, up a notch from 0.3%. The core reading came in at 1.2%.
GBP/USD Forecast Aug. 24-28 – Pound Makes Noise But Remains Directionless
GBP/USD showed considerable volatility throughout the week, but ended the week unchanged. The upcoming week has just one event. Here is an outlook for the highlights and an updated technical analysis for GBP/USD.
EUR/USD Forecast Aug. 24-28 – Euro Retreats After Push Towards 1.20
The US dollar has struggled and the euro has taken advantage – last week was EUR/USD’s first losing week since June. Unless the US economy shows significant improvement, the euro could rebound against the dollar this week.
AUD/USD Forecast Aug. 24-28 – RBA Optimism Keeps Aussie Steady
AUD/USD posted gains but was unable to consolidate and ended the week with small losses. The upcoming week has two events. Here is an outlook at the highlights and an updated technical analysis for AUD/USD.
USD/CAD Forecast Aug. 24-28 – Canadian Dollar Hits Seven Month High
The Canadian dollar had another winning week, as USD/CAD touched a low of 1.3133, its lowest level since January. There are three releases in the upcoming week, including GDP. Here is an outlook at the highlights and an updated technical analysis.
Forex Weekly Outlook Aug. 17-21 – UK, Eurozone GDP Releases Show Double-Digit Declines
The upcoming week will see the UK and the eurozone release consumer inflation data. As well, Japan releases GDP for the second quarter. The past week wrapped up with Eurozone GDP for Q2, with the second read of -12.1% confirming the first reading.
AUD/USD Forecast Aug. 17-21 – Aussie Slumbers, RBA Minutes Ahead
AUD/USD drifted throughout the week and was almost unchanged. The upcoming week has two events, highlighted by the RBA minutes. Here is an outlook at the highlights and an updated technical analysis for AUD/USD.
EUR/USD Forecast Aug. 17-21 – Euro Punches Above 1.18
The US dollar continues to struggle and the euro has taken advantage, testing the 1.19 line earlier in August. However, US numbers have been showing some improvement, so the dollar could rebound.
USD/JPY Forecast Aug. 17-21 – Dollar Gains Ground, Japanese GDP Next
Both the US dollar and the Japanese yen are safe-haven assets, but investors have shown a surprising sentiment towards riskier currencies, despite the Covid-19 pandemic. If this trend continues, it could be a quiet week for the pair.
GBP/USD Forecast Aug. 17-21 – Will UK Inflation, Retail Sales Move Sleepy Pound?
GBP/USD was almost unchanged for a second straight week. The upcoming week has six events, including inflation and retail sales. Here is an outlook for the highlights and an updated technical analysis for GBP/USD.
USD/CAD Forecast Aug. 17-21: Canadian Dollar Climbs, Consumer Data Next
The Canadian dollar strengthened last week, as USD/CAD dropped close to 1 percent. There are four releases in the upcoming week, including inflation and retail sales. Here's an outlook at the highlights and an updated technical analysis for USD/CAD.
GBP/USD: Dead Cat Bounce? Dollar Weakness Looks Insufficient To Break Downtrend Resistance
The pendulum swings again – this time against the dollar, but that may be insufficient for a rally in GBP/USD. Cable climbed above 1.3005, which turns into a double bottom after already having provided support earlier in August.
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