AUD/USD Weekly Forecast - 15 December - 19 December

Despite better than forecasted Australian job figures and mixed US reading Aussie was unable to hold on any temporary gains sliding further into negative territory with a weekly closing few points above 0.8250 level. Aussie is not weak only against USD but also compared to its Tasman cousin NZD, so we believe that this a signal that this pair will head further down with a target at 0.80 handle and then possibly even lower.

EUR/USD Daily Forecast - 12 December

GBP/USD Daily Forecast - 12 December

Sterling went back and forth during the session on Thursday, finally setting around 1.57 handle. It initially aimed higher but pulled back finding area around 1.5750 level to be too resistive at the moment. On the other hand it found support around 1.5650 level in order to rebound despite US data pushing it down. Since there will be no major data releases form the UK we expect steadier morning part of the session with volatility coming from the US data.

AUD/USD Daily Forecast - 12 December

Aussie was initially pushed higher, yesterday, after better than forecasted Australian job figures, however, sharply pulled back being unable to break above 0.8380 level and coming under further pressure after US data proved to be better than expected. In the end it finished the session around  0.8250 level. Tomorrow, we would pay attention to Chinese Industrial Production figures as well as US data.