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Friday, 12 December 2014
Daily Technical Analysis

GBP/USD Daily Forecast - 15 December

Sterling went back and forth in the course of the session on Friday, essentially doing nothing finishing it around 1.5710 level. Weaker than expected US PPI figures pushed it a bit higher but 1.5750 area proved to be too resistive for Sterling at the moment. We believe that this is the scenario we are about to witness on Monday as well since there will be no major data releases from the UK.

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Friday, 12 December 2014
Daily Technical Analysis

AUD/USD Daily Forecast - 15 December

After it initially aimed higher, Aussie pulled back finding 0.83 handle to be too resistive and went all the way to 0.8220 area which once again offered support and from pair pulled back finishing the week around 0.8250 level. Beginning of the next week will probably bring less volatile session so we believe that 0.8220 level should hold as a support

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Friday, 12 December 2014
Weekly Technical Analysis

EUR/USD Weekly Forecast - 15 December - 19 December

After sharp decline last week, euro managed to rebound this week finishing it above 1.2460 level. It was a less eventful week with US data being the main market driver. Next week we can expect much more volatility with the focus on Eurozone PMI and Economic Sentiment figures but more importantly FOMC interest rate decision.

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Friday, 12 December 2014
Weekly Technical Analysis

GBP/USD Weekly Forecast - 15 December - 19 December

Sterling spent a

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