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Friday, 12 June 2015
Weekly Technical Analysis

AUD/USD Weekly Forecast - 15 June - 19 June

Aussie was traded between 0.76 handle and 0.78 area as tops and bottoms during the last week, on one hand supported by better than forecasted Australian job figures, but on the other hand offset by possibility of further RBA rate cut. In the end pair managed to hold above 0.77 handle. Next week will be marked by US data. Any type of supportive candles around 0.7650 area and 0.76 handle in extension should offer short-term buying Read more...

Friday, 05 June 2015
Weekly Technical Analysis

EUR/USD Weekly Forecast - 08 June - 12 June

Euro initially went higher during the last week, going as high as 1.14 handle, supported by a bit more hawkish ECB stanzas as well as CPI growth, but by the end of the week erased some of the gains due to much better than forecasted NFP figures going back to 1.11 handle and even below it. Next week should be a steadier one as there will be no major data releases from Eurozone. Any type of resistive candles near 1.1250 handle and

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Friday, 05 June 2015
Weekly Technical Analysis

GBP/USD Weekly Forecast - 08 June - 12 June

Sterling managed to rebound in the course of the last week, despite rather mixed UK data, which indicates that pair is ready to break higher in the near future. Pair went above 1.54 handle, but did not manage to hold onto gains after Friday's NFP figures, with pair pulling back to 1.5250 area. 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

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Friday, 05 June 2015
Weekly Technical Analysis

AUD/USD Weekly Forecast - 08 June - 12 June

Aussie went back and forth during the last week. It was initially pushed higher after hawkish RBA statement and GDP growth, testing 0.78 handle as a resistance. This area in fact offered resistance and pair pulled back after weaker than expected Retail Sales and Trade Balance figures, with pair returning to 0.76 handle after NFP report. As for next week we can expect a lot of volatility with Australian job figures and Chinese CPI and

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