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EUR/USD Weekly Forecast – 19 October – 23 October

Euro tested 1.15 handle in the course of the last week, but quickly pulled back as this area offered significant amount of resistance but also on dovish comments coming from ECB members. Pair pulled back to 1.13 handle where it found some amount of support. As for next week focus will be on ECB Meeting. We believe that dovish stanzas are likely to push pair lower, perhaps even below Read more...

GBP/USD Weekly Forecast – 19 October – 23 October

Sterling continued its uptrend in the course of the last week, going as high as 1.55 handle, though this area proved to be major resistance at the moment. Despite weaker than expected UK CPI data, Sterling managed to rebound quite quickly supported by UK job figures. Next week could be a steadier one, so we believe that pair is likely to find support around 1.5380 level, initially in the Read more...

AUD/USD Weekly Forecast – 19 October – 23 October

Aussie was traded higher initially in the week, but 0.7380 area proved to be too resistive at the moment, with pair pulling back to 0.72 handle after weaker than expected Australian job figures. However, this area offered significant amount of support with Aussie spending rest of the week in a range between 0.7250 and 0.7340 level. As for next week, after initial volatility caused by Chinese Read more...

EUR/USD Weekly Forecast – 12 October – 16 October

Euro was pushed higher in the course of the last week though there were no major data releases. This incline was mostly influenced by latest NFP figures as well as dovish FOMC Meeting Minutes. Pair broke decisively above 1.13 handle and is now heading towards 1.15 handle. As for next week we would be more focused on US CPI, PPI and Retail Sales data. We believe that

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