- Sunday, 04 September 2016
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 05 September – 09 September
Sterling was pushed higher in the course of the last week, going all the way above 1.33 handle, though there were no major data releases, however, area near 1.3350 level proved to be too resistive at the moment and pair pulled back on Friday but finished the week near 1.33 handle. Next week, we would pay attention to BoE Inflation Report. Pair is likely to find support around 1.32 and 1.3150 handle and resistance above 1.34 handle.
Read more...- Sunday, 04 September 2016
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 05 September – 09 September
Aussie pulled back initially last week, but found area around 0.75 handle to be supportive enough at the moment and managed to rebound in the second part of the week, testing 0.76 handle as a resistance, and after that slightly pulling back by the week's closing. Next week, we would pay attention to Australian GDP figures and we expect much more volatility as last week was an overall a steadier one, despite volatility during the NFP report. We expect support around 0.75 and 0.7480 handle in extension, while resistive candles above 0.7650 and 0.7680 handle would be short-term selling signal.
Read more...- Friday, 26 August 2016
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 29 August – 02 September
It was initially a steadier beginning of the week for euro, which was traded between 1.1280 and 1.1330 level, but by the end of the week pulled back after hawkish Janet Yellen's statement. As for next week, with plenty of data releases we can expect a plenty of volatility with focus on Eurozone CPI and U NFP figures. Any type of supportive candles around 1.1150 handle would be short-term buying signal, while resistive candles above 1.13 handle and 1.1340 level in extension would be selling signal.
Read more...- Friday, 26 August 2016
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 29 August – 02 September
Sterling was pushed higher initially in the week, going all the way above 1.32 handle, though there were no major data releases, however, area near 1.3250 level proved to be too resistive at the moment and pair pulled back on Friday after hawkish Janet Yellen's comments coming back to 1.3150 area. Next week, we would pay attention to UK PMI and US job figures. Pair is likely to find support around 1.31 and 1.3050 handle and resistance above 1.3250 handle.
Read more...- Popular
-
UK still likely to leave the EU with a negotiated agreement, says Number 10
A successful deal with the European Union remains the “most… -
Sentix Investors Confidence rose to 14.7 in August
The summer heat in Europe is also causing economic temperatures… -
German factory orders -4.0% seasonally adjusted on the previous month
Based on provisional data, the Federal Statistical Office (Destatis) reports… -
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
China's exports are expected to have maintained solid growth in…