Ready to Start Trading?

Open a Live or Demo account online in just a few minutes and start trading on Forex and other markets.

Apply online

Any Questions?
Contact us:

phone: +1 849 9370815


Join Us in Just 1 Minute!

MT5 Terminal

Forex Major Currencies Outlook (Feb 26, 2018)


The dollar managed to stay supported throughout the previous week as Fed tightening expectations strengthened while risk aversion lingered in the markets.

There were no reports out of the US economy on Friday but Fed officials had a few more positive remarks on the US economy. There are no major reports due today, with only FOMC member Quarles' testimony due.


The euro returned some of its recent gains before the week came to a close as final CPI readings were unchanged at 1.3% for the headline figure and 1.0% for the core version. There are no reports due from the euro zone today but ECB head Draghi has a speech scheduled and any jawboning remarks could lead to more euro weakness.


The pound managed to hold its ground, except against the Loonie, even though there were no major UK reports out on Friday. MPC member Ramsden had a speech in which he talked about the economy's productivity growth challenge. Only the High Street lending report is due from the UK today and this might not lead to huge pound moves.


The franc had a mixed run as it reacted mostly to currency-specific factors. There were no reports out of the Swiss economy then and none are due today, so market sentiment could push franc pairs around.


The yen gapped down over the weekend as market watchers are bracing for BOJ head Kuroda's testimony. There are no other major reports due from Japan, leaving yen pairs to react to overall sentiment as well.

Commodity Currencies (AUD, NZD, CAD)

The Loonie had a strong run thanks to stronger than expected Canadian CPI. The headline figure turned out better than expected at 0.7% versus the 0.4% estimate, reviving talks of a BOC hike. Other underlying inflation measures also reflected a stronger pace of increase in price levels also. New Zealand's trade balance is due in the next Asian session.

By Kate Curtis from Trader's Way

Any Questions?
Email Us:

Chat Us
Instrument Bid Ask Spread
Instrument Bid Ask Spread
Instrument Bid Ask Spread

2018 Christmas and New Years Holiday Schedule

Over the next week, market activity and liquidity may be lower than usual. This may result in higher spread...

Learn more

Join Us in Just 1 Minute!

MT4MT5 Terminal Chat