- Monday, 08 December 2014
- Daily Technical Analysis
AUD/USD Daily Forecast - 09 December
Aussie went back and forth during the session on Monday, essentially doing nothing finishing it few points above 0.83 handle. Pair was pulled back by mixed Chinese Trade Balance figures, but managed to rebound only to find area above 0.8320 level to be too resistive at the moment. Focus of the session tomorrow will be on NAB Business Confidence figures.
Read more...- Friday, 05 December 2014
- Weekly Technical Analysis
EUR/USD Weekly Forecast - 08 December - 12 December
Euro sharply declined during the last week, finishing it below 1.23 handle. Though, ECB Press Conference brought small rebound after initial decline in the week, euro was pushed further down after better than forecasted NFP figures. As for next week we can expect less volatility since there will be no major data releases from Eurozone, so focus will shift on US Retail Sales and PPI figures.
Read more...- Friday, 05 December 2014
- Weekly Technical Analysis
GBP/USD Weekly Forecast - 08 December - 12 December
Sterling finished last week few points below 1.56 handle. It was pushed higher initially in the week supported by good PMI readings, however, by the end of the week it declined, unable to break above 1.5750 area decisively and coming under pressure after NFP report. Main market mover next week will be Industrial production figures.
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