- Friday, 04 September 2015
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 07 September – 11 September
After dovish RBA statement and disappointing Australian GDP reading Aussie was pushed all the way to below 0.70 handle and finished the week around 0.69 area, which indicates serious downtrend in the pair. As for next week we can expect a lot of volatility with Australian job figures and Chinese CPI and PPI data. Weaker than expected figures would push pair all the way to 0.68 handle, which should offer some amount of support,
Read more...- Friday, 28 August 2015
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 31 August – 04 September
It was quite volatile week for euro though there were no major data releases. Pair was initially pushed all the way to 1.17 handle due to fall on Asian stock markets and speculations on Fed's rate hike delay. However, by the end of the week, euro gave up all the gains and pulled back all the way to below 1.12 handle. As for next week we expect plenty of volatility with the focus on ECB and NFP figures. Pair is likely to find short-
Read more...- Friday, 28 August 2015
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 31 August – 04 September
Sterling initially tested 1.58 handle as a resistance in the course of the last week, but after few unsuccessful attempts pulled back all the way to below uptrend line and 1.54 handle. Next week, attention will be on UK PMI data and US job figures. Weaker than expected UK data could push pair all the way to 1.52 handle in the course of the week, where we do expect some amount of support, while better than forecasted figures would
Read more...- Friday, 28 August 2015
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 31 August – 04 September
Aussie sharply fell last week due to fall of Asian stocks and concerns surrounding future China's economic growth, crashing all the way to 0.7050 area, which proved to be supportive enough at the moment with Aussie slightly rebounding and breaking above 0.71 handle by the end of the week. Next week should be quite volatile with Australian GDP data, Retail Sales and RBA interest rate decision. Any type of supportive candles
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