A US Dollar Forecast: USD/CAD, GBP/USD, EUR/USD Levels to Watch and What to Expect in the Next Few Days or Weeks. If you are looking for an analysis of where the value of the US dollar lies, then you have come to the right place. We will discuss a number of possible directions that it may go and what you can do to help make this happen.
As mentioned in previous articles on this website, the US Dollar Forecast – Global Forex Trading Strategy is intended to offer a fundamental evaluation of the exchange rates between the US Dollar and other currencies in global currency markets. We will take a look at both the short-term and long-term trends and how you can take advantage of these to profit from the current economic conditions.
For now we will focus on how we can make the most of the current global economic situation and forecast the future movements of the US Dollar Forecast: US Dollar CAD, GBP/USD, EUR/USD, which is also called the Dollar Index. The idea behind the Dollar Index is that it represents the value of the currency pairs as measured against the value of the United States dollar.
As the current global economic conditions continue to falter, we can expect to see the value of the Euro to rise against the US Dollar. This could cause the CAD to fall slightly while the GBP to increase but this is not an indicator of the strength of the Euro and it will be important to read the technical data carefully in order to determine if this is indeed the case.
While there is still some uncertainty about the strength of the Euro and the future for its value, we believe that it is too early to make a final prediction. The strength of the Euro will depend on how well the European Union plans to handle the economic crisis. If the union and other central banks in the region to implement sensible measures to stabilize the crisis, then the Euro will probably hold its value better.
In addition, we think that the Euro will likely fall against the Dollar once the crisis has subsided. We expect that the USD will be stronger than the Euro but not stronger than the Canadian dollar, and most likely not stronger than the Japanese Yen. The Euro may depreciate more slowly than the other two currencies and we feel that this may indicate a weaker economy over the next several years.
Given the current global situation, we see a high probability that the US Dollar Forecast: USD/CAD, GBP/USD, EUR/USD, and the Dollar Index will remain relatively strong over the next several years. With the strength of the Euro on top, the Canadian Dollar follows.
We will make our next US Dollar Forecast as soon as possible as the current economic outlook looks much brighter. Please visit our website to find out more about how we can help you make money trading in the Forex market today.
EUR/USD and CAD/USD are likely to be strong against the USD for several years. The Euro should be stronger than the Dollar and the Canadian dollar in many years but there is still some uncertainty regarding the long term status of both of these two countries’ economies.
It will be important to follow the Euro, CAD, and Canadian Dollar Forecast as these are indicators of the strength of the Euro. These three currencies are not correlated and are likely to act independently.
USD to EUR is our second US Dollar Forecast. This indicator looks at the relationship between the United States Dollar and one of the Eurozone’s major currencies. The two currencies move in tandem as the U.S. Dollar strengthens against other currencies in relation to the Euro and vice versa. We believe that the Dollar Index will remain strong for several years as the United States continues to weaken.
If the Euro strengthens and the Canadian dollar weakens, this should be reflected in the Dollar Index. Although we expect that the Canadian dollar will weaken as the USD rises, the CAD is going to be relatively unaffected by this.
The Euro to USD Forecast, as always, has the Euro moving ahead of the USD by a very small amount over the coming months. We expect that the Euro will remain the strongest of the three major currency pair over the long term and will remain strong against both of its main competitors.
The USD to CAD Forecast does not account for the US Dollar index or any other currency pairs. However, we have seen quite a few forex traders who do.
EUR to USD is our third US Dollar Forecast and it is closely related to the EUR/USD. As we said before, the two currency pairs do not move in tandem, but they are usually very close together in relation to the other pair.