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Weekly Forex Forecast - March 17 - March 22 (Charts)
(MENAFN- Daily Forex) Fundamental Analysis & market SentimentI wrote on 9th March that the best trades for the week would be: Long of Natural gas futures, which fell by 8.13%. Short of the EUR/JPY and EUR/NZD currency crosses. The former rose by 0.82% while the latter fell by 0.26%.The overall result was a loss of 8.69%, which is 2.90% per asset.Top Forex Brokers1 Get Started 74% of retail CFD accounts lose money Last week saw several important data releases affecting the Forex market: US CPI (inflation) US PPI US Preliminary UoM Inflation Expectations Bank of Canada Overnight Rate & Rate Statement US Preliminary UoM Consumer Sentiment US JOLTS Job Openings UK GDPLast week's key takeaways were: The data outlined above was not very consequential for the markets, which are much more concerned with the US-centered trade war which seems to be underway without a clear end. The ongoing trade war between the USA on one side and Canada, Mexico, China and potentially the European Union on the other is what has really been driving market movements over the past week. There is no deal in sight and the new tariffs remain in place, causing economic harm to all three countries. It was a bad week for stock markets, especially in the USA, where major indices dropped sharply enough to shake out more trend followers from long positions, with many institutions either reducing or eliminating their exposure. Friday saw strong gains, however. This was possibly triggered or boosted by lower-than-expected US PPI data released on Thursday, following the lower-than-expected CPI (inflation) data which had been released on Wednesday. The clear trends in the markets are falling stock markets, especially in the USA, while two metals – Gold and Copper – have been breaking to new long-term highs Week Ahead: 17th – 21st MarchThe coming week has a lighter schedule of important releases, so we are likely to see less volatility in the Forex market over the coming week.This week's important data points, in order of likely importance, are: US Federal Funds Rate, Rate Statement, and Economic Projections Bank of Japan Policy Rate & Monetary Policy Statement US Retail Sales Bank of England Official Bank Rate & Votes, Monetary Policy Summary SNB Policy Rate and Monetary Policy Assessment Canadian CPI (inflation) New Zealand GDP US Unemployment Claims Canada Retail Sales Australia Unemployment RateMonthly Forecast March 2025 For March 2025, I made no forecast, as there were no clear trends at the start of this month Forecast 16th March 2025Last week, I forecasted that the following currency crosses would fall in value over the week: Long of Gold. Short of USD/JPY following a daily close below ¥147.26. Long of Natural Gas futures following a daily close above $4.60. Long of Copper futures.Ready to trade our weekly Forex forecast ? Check out our list of the top 10 Forex brokers .
- EUR/NZD – this fell in value by 0.26%.
- EUR/JPY – this rose in value by 0.82%.

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