Forex news and forcast for the week

Here's a summary of the latest forex news and forecasts for the week:

News:

1. US-China Trade Talks: The US and China are set to resume trade talks this week, with the goal of reaching a deal to end the trade war. A positive outcome could boost market sentiment and support the US dollar.
2. Federal Reserve Meeting: The Federal Reserve is set to meet on Wednesday to discuss interest rates. While no rate changes are expected, the Fed's statement could provide guidance on the future direction of monetary policy.
3. UK Parliament Votes on Brexit: The UK Parliament is set to vote on the government's Brexit plan, which could lead to a no-deal Brexit if rejected. This could lead to increased volatility in the pound.
4. Eurozone Inflation: The Eurozone is set to release its inflation data on Friday, which could impact the European Central Bank's (ECB) monetary policy decisions.

Forecasts:

USD:

• The US dollar is expected to strengthen against major currencies due to the potential for a trade deal with China and the Federal Reserve's cautious approach to interest rates.
• The USD/JPY pair is expected to break above 112.00 and reach 113.00-114.00 in the coming week.

EUR:

• The euro is expected to weaken against the US dollar due to the uncertainty surrounding the Brexit process and the ECB's cautious approach to interest rates.
• The EUR/USD pair is expected to break below 1.1200 and reach 1.1000-1.0900 in the coming week.

GBP:

• The pound is expected to be volatile due to the uncertainty surrounding the Brexit process and the upcoming parliamentary vote.
• The GBP/USD pair is expected to break below 1.3000 and reach 1.2500-1.2300 in the coming week.

JPY:

• The Japanese yen is expected to weaken against the US dollar due to the potential for a trade deal with China and the Bank of Japan's dovish monetary policy stance.
• The USD/JPY pair is expected to break above 112.00 and reach 113.00-114.00 in the coming week.

AUD:

• The Australian dollar is expected to weaken against the US dollar due to the uncertainty surrounding the global economy and the Reserve Bank of Australia's dovish monetary policy stance.
• The AUD/USD pair is expected to break below 0.7000 and reach 0.6800-0.6700 in the coming week.

CAD:

• The Canadian dollar is expected to weaken against the US dollar due to the uncertainty surrounding the global economy and the Bank of Canada's cautious approach to interest rates.
• The USD/CAD pair is expected to break above 1.3500 and reach 1.3800-1.4000 in the coming week.

CHF:

• The Swiss franc is expected to weaken against the US dollar due to the potential for a trade deal with China and the Swiss National Bank's dovish monetary policy stance.
• The USD/CHF pair is expected to break above 0.9900 and reach 1.0100-1.0200 in the coming week.

Please note that these forecasts are based on market analysis and may not reflect the actual market movements. It's always important to do your own research and consider your own risk tolerance before making any investment decisions.