- Friday, 17 July 2015
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 20 July – 24 July
Sterling was boosted in the course of the last week. CPI and job figures came out weaker than expected but hawkish Governor Carney's comments on sooner than expected rate hike served as a support for Sterling which broke above 1.56 handle. As for next week week we would pay attention to BoE Meeting Minutes and Retail Sales figures. Weaker than expected figures are likely to push pair back to 1.55 handle which
Read more...- Friday, 17 July 2015
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 20 July – 24 July
Aussie broke below 0.75 handle in the course of the last week and even close it below 0.74 handle which is a sign of a general bearishness in the pair. Decline is mostly result of RBA wish for lower exchange rates but mostly fears concerning state of China's economy, which is important for Australia since China is its first trading partner. Next week should be a steadier one without any major data releases, so we believe that any type Read more...
- Friday, 10 July 2015
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 13 July – 17 July
After it initially fell due to concerns caused by Greek ''No“ vote on the referendum, by the end of the week euro managed to rebound as Greek government submitted new reform proposal. However, the deal has not been made yet, with Greek creditors discussing proposal over the weekend, so depending on their decision we can expect gap at the opening of the market on Monday. However, we believe that pair has plenty of Read more...
- Friday, 10 July 2015
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 13 July – 17 July
After it went all the way to below 1.54 handle, Sterling find area around 1.5350 level to offer plenty of support at the moment and by the end of the week tested 1.55 handle as a resistance. Initial decline was mostly due to Greek concerns and annual budget release. As for next week we would be focused on job figures and CPI data. Weaker than expected figures would push pair back below 1.54 handle, but we now expect plenty of Read more...
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