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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 ...
The new year begins with the interest rate differential strongly favoring the U.S. Dollar over the Euro. Simply stated, the U.S. Federal Reserve is getting ready to raise interest rates in 2015 while the European Central Bank is gearing up for a fresh round of quantitative easing (QE). Rates should rise in the U.S. and should fall in Europe, increasing demand for the Greenback. The key factor that will determine the ECB’s decision on quantitative easing will be inflation. The central ...
The AUD/USD starts out 2015 in a position to decline further after a weak close in December. Last month, the Forex pair reaffirmed its downtrend on the monthly chart with its sustained move under the previous main bottom at .8659 and the major 50% level at .8545. Both of these prices are resistance in January. Additional resistance angles come in at .8544 and .8556. The best area to sell on a retracement is the resistance cluster at .8544 and .8545. ...
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