- Friday, 04 December 2015
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 07 December – 11 December
After it was initially pushed lower and went all the way to 1.49 handle, Sterling managed to completely recover by the end of the week mostly supported by recent ECB stanzas. After the news on Thursday pair easily broke above 1.50 handle and went all the way to 1.5150 area. This level offers some amount of resistance at the moment, and this resistance goes all the way to 1.53 handle. Focus of the next week will be on BoE rate decision and the following Minutes. Read more...
- Friday, 04 December 2015
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 07 December – 11 December
Aussie was pushed higher in the course of the last week, breaking above 0.73 handle. Pair was supported by more hawkish RBA Statement as well as better than expected GDP and Retail Sales readings. Pair is now heading towards 0.74 handle where we can expect that it will struggle to break higher. As for next week, we can expect that main market movers will be China's CPI and PPI figures as well as Australian job data.
Read more...- Friday, 27 November 2015
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 30 November - 04 December
It was a steadier week for euro, as there were no major data release so pair was traded between 1.0670 level as high and 1.0570 level as week's lows. By the end of the week there was also lack of volatility as US banks were being closed in observance of Thanksgiving holiday. Next week should bring a lot of volatility with focus on US NFP figures and in particular ECB Meeting. Recent comments from ECB officials indicate that we could be seeing further stimulus measures which would bring further decline to euro.
Read more...- Friday, 27 November 2015
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 30 November - 04 December
Sterling was pushed lower in the course of the last week. Area above 1.52 handle proved to be too resistive at the moment, and pair slowly pulled back during the week, though there were no major data releases. However, next week we can expect more volatility with the focus on UK PMI figures and US NFP data. We believe that pair is likely to find support around 1.50 handle initially, as this is important area on a long-term charts and 1.4930 level in extension. On the other hand area above 1.51 handle should be resistive initially, with even more resistance coming above 1.5150 level.
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