- Friday, 04 December 2015
- Daily Technical Analysis
EUR/USD Daily Forecast – 07 December
After sharp incline on Thursday, euro spent most of the Friday's session going back and forth with 1.0850 level as a support and area above 1.0950 handle offering some amount of resistance at the moment. Despite rather good NFP figures, euro after initial decline quickly rebounded which indicates how strong it is at the moment. With no major data releases on Monday, markets will still be weighing on ECB stanzas and NFP report.
Read more...- Friday, 04 December 2015
- Weekly Fundamental Analysis
EUR/USD Weekly Forecast – 07 December – 11 December
Events that marked the week:
Monday was marked by German Retail Sales and CPI data. According to provisional results of the Federal Statistical Office (Destatis), retail turnover in October 2015 in Germany increased 2.1% in real terms and 2.4% in nominal terms compared with the corresponding month of the previous year. The number of days open for sale was 26 in October 2015 and 26 in October 2014, too. When adjusted for calendar and seasonal variations, the October turnover was in real terms 0.4% smaller and in nominal terms equal to that (0.0%) in September 2015. Analysts were forecasting 0.3% increase.
Read more...- Friday, 04 December 2015
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 07 December – 11 December
Euro was pushed higher in the course of the last week, after ECB failed to meet market expectations considering extension of further monetary stimulus. Pair was initially pushed lower during the week but 1.05 handle managed to hold all pressures and after ECB pair bounced all the way to 1.09 handle. This is where we can expect that pair will struggle a bit since this was a bottom of recent uptrend line. With no major data releases next week, pair is likely to consolidate a bit after this huge incline. Read more...
- Friday, 04 December 2015
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