- Thursday, 31 December 2015
- Weekly Technical Analysis
GBP/USD Weeky Forecast – 04 January – 08 January
Despite lack of liquidity due to holiday season and no major data releases, Sterling was pushed lower in the course of the last week, breaking below 1.48 handle, which was important supportive point for such a long time. This is of course quite negative sign, and it is likely that pair will head lower in the next few sessions. Next week, we would pay attention to US FOMC Meeting Minutes and NFP figures as well as UK PMI and Industrial Production data.
Read more...- Thursday, 31 December 2015
- Weekly Technical Analysis
AUD/USD Weeky Forecast – 04 January – 08 January
Aussie was pushed higher in the course of the last week, even testing 0.73 handle as a resistance, but on a New Year's Eve pair pulled back, mostly as a result of usual holiday movements. However, we can expect return of liquidity next week, with plenty of data releases from Australia. We can also expect much more volatility with FOMC Meeting Minutes and NFP report being released.
Read more...- Friday, 25 December 2015
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 28 December – 01 January
It was a bit steadier last week as there were no major data releases, and the end of the week was marked by Christmas holidays. After it was initially pushed lower pair managed to rebound and break once again to above 1.09 handle, with a weekly closing around 1.0950 level. We cannot expect any larger movements next week as well as holiday season should extend to New Year holidays. Read more...
- Friday, 25 December 2015
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 28 December – 01 January
Though there was lack of volatility during the last week, with holiday season beginning Sterling was initially pushed lower, all the way to 1.48 handle, where it found some amount of support and managed to rebound significantly by the week's closing breaking above 1.49 handle. Read more...
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