- Friday, 02 January 2015
- Daily Technical Analysis
GBP/USD Daily Forecast - 05 January
Sterling sharply fell in the course of the session on Friday, finishing it around 1.5360 area. Decline was caused by weaker than expected Manufacturing PMI figures but also with a break below of major support level at 1.55 handle. On Monday we can expect some volatility with Construction PMI figures.
Read more...- Friday, 02 January 2015
- Daily Technical Analysis
AUD/USD Daily Forecast - 05 January
Aussie spent most of the Friday's session in decline with a daily closing around 0.81 handle. There were no major data releases from Australia, however, after pair formed a shooting star on Wednesday, unable to break decisively above 0.82 handle this decline came as a natural. Monday's session should be a steadier one since there will be no major data releases both from Australia and USA.
Read more...- Friday, 02 January 2015
- Weekly Technical Analysis
EUR/USD Weekly Forecast - 05 January - 09 January
It was a steadier beginning of the last week, with holiday season on and less liquidity at the markets, however, by the end of it euro broke much lower, hittning our long-term target and going even below it with a weekly closing just few points above 1.20 handle. Next week focus will be on Eurozone CPI data, FOMC Meeting Minutes and NFP report. We believe that pair will initially steadier beginning of the week with a support around 1.20 handle, but in a case of a hawkish US report it is easily imaginable for us to see euro all the way to 1.19 handle.
Read more...- Friday, 02 January 2015
- Weekly Technical Analysis
GBP/USD Weekly Forecast - 05 January - 09 January
After 1.55 handle offered support for so long, Sterling finally broke below it on Friday, after weaker than expected Manufacturing PMI figures but also due to bearishness that was obvious in the pair for the past two week and finished the week around 1.5360 area.Meeting Minutes and NFP figures as well as UK PMI and Industrial Production data.
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