Goldman Sachs technical analyst says 'EUR/USD seems to be resuming its trend': It peaked on Monday, right underneath an importantresistance area at 1.1052-1.1099. This region included theinterim high (bearish key day reversal) from Mar. 26th, theinterim low from Jan. 26th and the 55-dma.It's since broken lower from a triangle type pattern(ABCDE). Triangles tend to be characteristic of wave 4swhich in this case suits the underlying wave count andimplies that there is further downside ...
Pound Sterling Forecast vs the Indian Rupee (INR), Russian Ruble (RUB), Swiss Franc (CHF), Turkish Lira (TRY) and Japanese Yen (JPY). The Pound advanced on several of its peers on Tuesday as UK Consumer Confidence and growth data printed above expected levels. While the GfK gauge of UK sentiment rallied to a 12-year high of 4 in March from 1 in February, the nation’s final fourth quarter growth data was revised to 0.6% on a quarter-on-quarter ...
AUD/USD Fundamental Analysis January 12, 2015 Forecast The AUD/USD is trading at 0.8142 up by 19 points as the US dollar eases. The currency should have fallen when retail sales printed below expectations but it saw little reaction. The Aussie jumped above the 0.8100 level on Thursday following the release of surprisingly strong figures showing approvals for the construction of new homes had risen 7.5 per cent in November. The currency was also being supported by lower oil prices ...
The new year starts with the U.S. Federal Reserve on a path toward raising interest rates sometime between April and June. The Bank of Japan is committed to keeping interest rates low in order to weaken the Yen and attract fresh export business. On paper, there doesn’t appear to be anything in the works that could derail the USD/JPY rally. The strength of the U.S. Dollar over the Japanese Yen should continue throughout 2015 simply because the interest rate differential favors the ...
The GBP/USD opens up the new year in a weak position. 2015 begins with the interest rate differential in favor of the U.S. Dollar. This is 180 degrees from last December when investors were making powerful bets that the Bank of England would raise interest rates before the U.S. Federal Reserves. The British Pound topped in July 2014 when it started to become clear to traders that the BoE didn’t have the all clear signal from the economy to begin hiking rates. Like many of the major ...
Recent Visitors
Archive
Go to Profile
Mark as Read