- Wednesday, 17 December 2014
- Daily Technical Analysis
AUD/USD Daily Forecast - 18 December
Though there were no major data releases from Australia, yesterday, Aussie initially fell going all the way to 0.8140 and then slightly rebounded after FOMC statement and following Press Conference, but only to go back once again to finish the day few points above 0.8110 level. There will be no major data releases tomorrow, but at the moment we do not see Aussie anywhere above 0.82 handle, around where we would sell the pair at the sight of resistive candles.
Read more...- Tuesday, 16 December 2014
- Daily Technical Analysis
EUR/USD Daily Forecast - 17 December
Euro finished session on Tuesday few points above 1.25 handle. It was supported by better than forecasted Economic Sentiment figures. As for tomorrow, we can expect a bit steadier European part of the session since there will no major data release. Main market mover will FOMC interest rate decision and the following Statement.
Read more...- Tuesday, 16 December 2014
- Daily Technical Analysis
GBP/USD Daily Forecast - 17 December
Despite weaker than expected UK CPI data, after initial fall Sterling managed to rebound and even finish the session above 1.5740 level. This indicates that we are far from deciding trend for this pair and for that reason would not place any larger bids at the moment. Break below 1.55 handle would be bearish as well as raise above 1.60 would indicate further uptrend but we believe that pair would for now remain within its consolidation range. Read more...
- Tuesday, 16 December 2014
- Daily Technical Analysis
AUD/USD Daily Forecast - 17 December
Aussie found area around 0.82 handle to be supportive during the session on Tuesday and aimed higher but by the end of the day give up of all of the gains finishing the session just few points above 0.8210 level. There will be no data releases from Australia tomorrow so focus will be on Fed interest rate decision.
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