- Friday, 11 September 2015
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 14 September – 18 September
Sterling broke higher in the course of the last week supported by more hawkish than expected BoE Meeting Minutes, but also pair found area around 1.52 handle to offer plenty of support at the moment and easily bounced out from it. However, 1.55 handle seems to be too resistive at the moment. We can expect quite volatile next week with UK CPI and job data, as well as Fed interest rate decision. Pair is likely to find some amount
Read more...- Friday, 11 September 2015
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 14 September – 18 September
Aussie managed to rebound in the course of the last week, as there were no major data releases and with traders being cautious ahead of next week's Fed interest rate decision. Pair broke above 0.70 handle, and tried to break above 0.71 area, but this level was just too much of a struggle for the pair at the moment. As for next week, focus will be on US CPI data and Fed interest rate decision. Any type of resistive candles around
Read more...- Friday, 04 September 2015
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 07 September – 11 September
Euro continued its decline in the course of the last week. 1.12 handle was supportive for most of the week, but after dovish ECB stanzas and unexpected decline in US unemployment rate pair was pushed all the way to 1.11 handle and even below it, area which supportive at the moment. Next week should be a steadier one as there will be no major data releases from Eurozone. Any type of resistive candles near 1.12 and 1.1250 Read more...
- Friday, 04 September 2015
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 07 September – 11 September
Sterling sharply fell in the course of the last week, pulled back by weaker than expected UK PMI data as well as quite good US readings, going all the way to below 1.52 handle. As for next week we would pay attention to UK Industrial Production data. We expect some amount of support around 1.52 handle, initially in the week, and 1.51 area in extension as this proved to be major support lately, so these would be our short-term
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