- Friday, 25 December 2015
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 28 December – 01 January
Aussie was traded in a bit tighter range during the last week as there was a lack of liquidity due to holiday season beginning, but by the end of the week, pair managed to break higher and test 0.7280 level as a resistance, few points below which it closed the week. Read more...
- Friday, 18 December 2015
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 21 December – 25 December
Euro was pushed lower in the course of the last week. The decline was mostly due to Fed's decision to rise interest rates. However, following Statement was quite dovish, so USD gains were limited. Pair found support around 1.08 handle, and thus, remained within recent consolidation area between 1.08 and 1.1050 level. We can expect less volatile next week which will mostly be marked with holiday season trading so we cannot expect any larger movements, though holiday trading can sometimes bring surprised.
Read more...- Friday, 18 December 2015
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 21 December – 25 December
After mixed UK data, and Fed's interest rate decision Sterling was pushed lower during the last week, even breaking below 1.49 handle and testing 1.4860 level as a support. By he end of the week pair managed to rebound slightly, but break below 1.49 handle is of course quite negative sign so we expect that pair could go much lower. Next week, some market movements can be expected with US Durable Goods Orders data and UK Current Account figures, though we expect it to be less volatile due to holiday season.
Read more...- Friday, 18 December 2015
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 21 December – 25 December
Aussie broke further lower during the last week. Though there were no major data releases from Australia decline in iron ore prices and soft gold markets which fell mostly due to Fed's rate hike, pushed Aussie lower during the week all the way to 0.71 handle where pair found some amount of support and by the end of the week managed to reach 0.72 handle again. There will be no major data releases next week from Australia, due to holiday season, so we would be focused on US Durable Goods Orders data.
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