Fawad Razaqzada
Fawad Razaqzada
Market Analyst
Expertise: Macroeconomics, Technical Analysis, Price Action, Trade Education
Trading Style: Swing
Experience:
• 12+ years trading and analysis experience covering the forex, indices, commodities and cryptos
• Hundreds of educational webinars, live sessions and videos, and countless written content
• In my analysis, I also provide trade insights and trading education
• Regularly quoted in major financial publications, such as Reuters, MarketWatch and Bloomberg
• Voted to be among the top 10 most read contributors and helped FOREX.com become winners of best sell-side analysis contributor at FX Street Best Awards on several occasions.
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US dollar forecast: USD/JPY rebounds ahead of more central bank action next week - Forex Friday
The US dollar forecast remains modestly bullish in our view, because of Trump’s inflationary policies. The fact that it has weakened a little in recent days is more of a reflection of the relief rally that some currencies like the euro have enjoyed.
EUR/USD forecast takes a boost on Trump’s softer tariffs tone
The key takeaway point was that he used a much softer tone regarding tariffs, while wanting to bring down interest rates and crude oil prices. His words helped to soothe investor nerves further, allowing the likes of the euro, yuan and Canadian dollar to rise against the US dollar, with the latter also weighed down by a bigger-than-expected rise in jobless claims data. The EUR/USD forecast has therefore taken a boost.
Nasdaq 100 forecast: Tech stocks continue to thrive amid AI optimism
The Nasdaq 100 forecast remains bullish for now. Sentiment is positive mainly because the technology sector is continuing to remain the gift that keeps on giving. The latest wave of optimism has been fuelled by advancements in artificial intelligence and solid corporate earnings.
GBP/USD forecast: Cable finds relief but risks remain tilted to downside
The risk on trade has also benefited the pound, but it is far too early to say whether the GBP/USD forecast has turned bullish.
Crude oil outlook: WTI bounces off lows but selling could resume
With China’s improving economic conditions, demand concerns have reduced and in the short-term there is little risk of an oil glut forming, but the slightly longer term outlook is a bit murky with the potential for another supply war to emerge between US shale and OPEC+ producers.
Japanese yen forecast: USD/JPY and CAD/JPY in focus ahead of BoJ
The narrowing interest rate differentials between Japan and the rest of the world has been a key theme in the improving Japanese yen forecast in the last couple of weeks.
3 things we learned from Trump's Inauguration Speech
Today Donald Trump has promised a 'new golden age' after he was sworn in as 47th president of the US. He declared that this era “begins right now," adding that America will be respected under his leadership as a "peacemaker and a unifier." But "We will drill, baby, drill."
DAX outlook: Could Trump disrupt European markets?
With the US out, it has understandably been a quiet day so far in Europe where major indices were trading mixed but holding onto their recent impressive gains. Some of the major European indices hit new record highs last week, including the high-flying German DAX index.
FTSE analysis: Could Trump disrupt record-hitting European stock markets?
The upcoming week could kick off with a bang, even though Wall Street will sit Monday out due to Martin Luther King Day. Donald Trump is set to begin his second term as US President on the same day, ensuring a headline-filled start to the trading week.
EUR/USD forecast: Forex Friday – January 17, 2025
The EUR/USD managed to bounce back to the $1.05 area after testing liquidity below this month’s earlier low of 1.0460 this morning, where traders apparently took profit after a 5-day losing run. The EUR/USD outlook remains negative, however, even if ECB President Christine Lagarde was not as dovish as some might have expected given the political and economic situations in the Eurozone.
GBP/JPY forecast turns bearish ahead of BoJ
Along with other Japanese yen crosses, the GBP/JPY has been creating bearish price action this week amid rising expectations that the BoJ will tighten its policy next week. The GBP/JPY forecast is now looking bearish, with momentum gathering pace as more and more support levels give way.