- Friday, 19 December 2014
- Weekly Technical Analysis
EUR/USD Weekly Forecast - 22 December - 26 December
Euro fell sharply during the last week mostly due to more hawkish than expected Janet Yellen's comments at the FOMC Press Conference, finishing the week few points above 1.2230 level. 1.2350 area, that offered some amount of support lately, was broken and we believe that euro will continue its downtrend. However, next week 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, 19 December 2014
- Weekly Technical Analysis
GBP/USD Weekly Forecast - 22 December - 26 December
Sterling went back and forth during the last week, with a weekly closing few points above 1.56 handle. Downward impact came from UK inflation data and FOMC Press Conference but 1.5550 area proved to be major support for Sterling, once again. 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, 19 December 2014
- Weekly Technical Analysis
AUD/USD Weekly Forecast - 22 December - 26 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 along with hawkish Janet Yellen remarks had negative impact on Aussie which finished the week around 0.8120 level. 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.
Read more...- Thursday, 18 December 2014
- Daily Technical Analysis
EUR/USD Daily Forecast - 19 December
Euro continued its downtrend during the yesterday's session finishing it around 1.2280 level, despite incline in German business climate. We can expect a less volatile session tomorrow, since only German Consumer Climate figures are being released, in which pair is likely to find support around 1.2220 level and resistance near 1.2350 area Read more...
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