Forex 2017 forecast for trading major currency pairs. The main factors to consider when choosing the best currency to trade include volatility, spread, trading strategy and the level of difficulty of forecasting the course. There is a huge variety of currency pairs available for trading in the Forex market. Most often, ignoring the other instruments, traders open positions on all known.

Forex 2017 forecast for trading major currency pairs

Forex Trading Weekly Review - 02.07.2017 (EURUSD, GBPUSD, AUDUSD, USDCAD)

Forex 2017 forecast for trading major currency pairs. Forex market has an uncertain nature, Yet, some currencies appear easier to forecast. Today, we talk about most currency pairs in AtoZForex – Are you in search for a predictable currency pair to trade? or uptrends. Yet, the low levels from the recent past will remain very important during

Forex 2017 forecast for trading major currency pairs


As we head into , this major currency pairs forecast is crucial for forex traders who need some direction on what to expect. Keep in mind, circumstances change along the way, and these predictions are not carved in stone. The US dollar registered a lacklustre performance for all of , but it might also have the most promising of the currency pairs forecast in As soon as the new year began, the US dollar index began to wane.

At the start of , the US dollar index was at a year high around However, this currency is poised for upward movement in after the administration managed to pass a key legislation on tax reform.

Besides the direct impact of this decision, it also signifies the long-awaited reforms promised by President Trump, which may further strengthen the US dollar. Besides this, experts are bullish on the US dollar for considering other currency pairs forecast. Some of them are considered in the following sections. After a year of considerable growth, the uptrend of the euro seems to be finally slowing down. Given the already strong economic performance and decreasing inflation, the ECB decided to extend the economic stimulus package into GDP growth rate continued to rise to 2.

From this stance, it is expected the euro will continue to diminish compared to other major currency pairs forecast next year. After uncertainty through the first half of the year over Brexit negotiations, Article 50 was finally triggered in April. However, instead of causing the pound damage, the pound index rose and kept doing so for most of the months afterwards. When finally the BoE showed a dovish hand, the currency fell further.

Compared to other currency pairs forecast, the sterling pound is widely expected to decline in , unless there is a major change. Email required - will not be published. Special Bonuses for US Traders!

Free Webinars, Various Platforms. Comments Click here to cancel reply. Subscribe Sign up for our Newsletter. Sign Up Read Review. EU Debt Crisis Explained. See how Europe is dealing with Greece. XTB stock hits the bottom and is suspended from the exchange. Trading in any off-exchange forex market may have potential rewards, but also brings with it potential risks. There is considerable exposure to risk in any off-exchange financial transaction, including, but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a financial asset.

Please be aware of the risks and be willing to accept them in order to trade forex. Before deciding to participate in the off-exchange forex market, you should carefully consider your investment objectives, level of experience and risk appetite. Do not trade with money you cannot afford to lose.


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