Check out this week's Trading Support and Resistance -
Let us 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:For the month of April, I forecasted that the EUR/USD and GBP/USD currency pairs would rise in value.For the month of May, I make the same forecast as I did in April.Last week, I made no weekly forecast, as there were no unusually strong counter-trend price movements in the Forex market the previous week.
Directional volatility in the Forex market will probably increase over the coming week, as there are some extremely high-impact data releases scheduledLast week was dominated by relative strength in the New Zealand Dollar and the British Pound, and relative weakness in the Japanese Yen.
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