- Friday, 24 July 2015
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 27 July – 31 July
Euro managed to break higher in the course of the last week, as Greek concerns slightly fade off but also with 1.08 handle offering plenty of support for the pair at the moment. Next week would be marked mostly by US dana. Any type of resistive candles above 1.1050 area would offer nice short-term selling opportunity, while area around 1.0850 should be supportive for the pair, so this where we would likely place our short-term Read more...
- Friday, 24 July 2015
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 27 July – 31 July
After it initially tried to break higher, Sterling pulled back by the end of the week on weaker than expected Retail Sales figures but also with area near 1.57 handle being too resistive at the moment. However there is still some amount of the support left for the pair around 1.55 handle and slightly below it. Main market mover next week will be UK GDP dana and US GDP figures as well as FOMC interest rate decision. We expect some
Read more...- Friday, 24 July 2015
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 27 July – 31 July
After it spent most of the week in consolidation between 0.7350 and 0.7450 area, Aussie was pushed down below 0.73 handle due to weaker than expected China's Manufacturing PMI figures and fall in commodity prices. As or next week focus will on US GDP dana and FOMC interest rate decision. Also, from Australia PPI figures will be released. Weaker than expected US dana would probably bring rebound to Aussie but with a
Read more...- Friday, 17 July 2015
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 20 July – 24 July
Euro spent most of the last week in decline , despite deal between Greek and its creditors going all the way to below 1.09 handle at a weekly closing which indicates that we could be seeing further downtrend next week. However, with no major data release it should be a steadier week in which pair is likely to find initial support around 1.08 handle, though once we see decisive break below 1.0850 handle we have no doubt that pair Read more...
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