- Friday, 09 October 2015
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 12 October – 16 October
Sterling spent most of the last week in an uptrend, after it found significant amount of support around 1.51 handle. Despite dovish BoE Meeting Minutes pair managed to break above 1.53 handle, though it seems that area near 1.54 handle offers some amount of resistance. Next week we can expect plenty of volatility with UK CPI and job figures as well as US CPI and PPI data. Weaker than
Read more...- Friday, 09 October 2015
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 12 October – 16 October
Aussie manage to break higher in the course of the last week. Supportive for the pair were more hawkish RBA Meeting Minutes, but also dovish FOMC Meeting Minutes as well as weaker than expected US figures. Pair managed to break above 0.73 handle and finish the week above this area which is of course bullish sign. Next week we would pay attention to China's CPI figures and US
Read more...- Friday, 02 October 2015
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 5 October – 9 October
Euro went back and forth in the course the last week initially pushed higher but after it was unable to break higher it pulled back, only to find support around 1.11 handle and then once again rally after weaker than expected NFP figures, However, it seems that 1.13 handle is the top for this pair at the moment. As for next week we expect steadier session as there will be no major data
Read more...- Friday, 02 October 2015
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 5 October – 9 October
Sterling continued its downtrend during the last week, breaking below 1.52 handle which was major support for long time, which indicates serious downtrend. Pair even tested 1.52 handle few time, but did not manage to find enough strength for a decisive break above this area, despite much weaker than expected US NFP figures. Focus of next week will be on BoE interest rate decision
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