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Friday, 15 January 2016
Daily Technical Analysis

GBP/USD Daily Forecast – 18 January

Sterling was pushed significantly lower in the course of the Friday's session, going even below 1.43 handle, though there were no major data releases from the UK and despite weaker than expected US figures. Pair also finished the session and closed the week near new lowest levels which is of course quite negative sign and with that being the case we believe that pair is now heading towards 1.40 handle, on a long-term basis. We have no interest in buying this pair at the moment. Read more...

Friday, 15 January 2016
Weekly Technical Analysis

EUR/USD Weekly Forecast – 18 January – 22 January

Euro was initially pushed lower in the course of the last week, but found area around 1.08 handle to be supportive enough in order to rebound and even come near 1.10 handle by the week's end. However, this area offers significant amount of resistance at the moment. It is likely that pair will go back and forth initially next week with traders being cautious ahead of ECB Press Conference later in the week. Read more...

Friday, 15 January 2016
Weekly Technical Analysis

GBP/USD Weekly Forecast – 18 January – 22 January

Sterling was pushed significantly lower in the course of the last week, all the way to below 1.43 handle, which is of course sign of a serious downtrend in the pair. Decline was mostly caused due to dovish stanzas coming from BoE recently as well as concerns surrounding possible Brexit. As for next week markets will be focused on UK CPI and job figures. Read more...

Friday, 15 January 2016
Weekly Technical Analysis

AUD/USD Weekly Forecast – 18 January – 22 January

After it initially went back and forth in the course of the last week, Aussie did not manage to rebound even after better than forecasted Australian job figures and by the week's end pulled back all the way to below previous significant support at 0.69 handle. As for next week we would pay attention to US CPI data as well as China's GDP and Industrial Production figures, that would be most carefully watched given the latest developments and concerns surrounding China's economy.

Read more...

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