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Tuesday, 23 December 2014
Daily Technical Analysis

GBP/USD Daily Forecast - 24 December

Weaker than expected UK data and better than forecasted US GDP figures pushed Sterling lower during the session on Tuesday, even below 1.55 handle, though by the end of the day it managed to rebound and finish it few points above 1.5510 level. However, we believe that this is a sign of a possible further downtrend and if we see more decisive break below 1.55 handle we would be more than willing to start selling the pair, on a long-term basis.

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Tuesday, 23 December 2014
Daily Technical Analysis

AUD/USD Daily Forecast - 24 December

Aussie finished yesterday's session around 0.81 handle. Though there were no data releases from Australia pair came under pressure after strong US readings. Aussie is now near our long-term target at 0.80 handle that should offer some amount of support being round, psychologically important figure. However, once we see break below it we would continue selling the pair with new target at 0.75 handle. Read more...

Monday, 22 December 2014
Daily Technical Analysis

EUR/USD Daily Forecast - 23 December

Euro found support around 1.2220 level in the course of the yesterday's session in order to rebound at the beginning of the less volatile week, finishing the day few points above1.2230 level. As for tomorrow, we would be focused on US figures. Weaker than expected data would push euro higher but we believe that resistance will be met before 1.23 handle, around 1.2280 area so this would be our short-term selling point. Read more...

Monday, 22 December 2014
Daily Technical Analysis

GBP/USD Daily Forecast - 23 December

Sterling initially went higher during the yesterday's session, but pulled back finishing it just few points above 1.56 handle. Sterling remains within its consolidation range in which it has been in the past few weeks with no clear signs of trend. Tomorrow, we can expect more volatility since both European and US part of the session will offer some interesting data releases. Read more...

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