The EUR/USD pair tried to break above the 1.25 level during the week, but then turned back around to break down towards the 1.22 handle. Because of this, we feel that the longer-term downtrend is...
Type: Posts; User: 1Finance
The EUR/USD pair tried to break above the 1.25 level during the week, but then turned back around to break down towards the 1.22 handle. Because of this, we feel that the longer-term downtrend is...
The GBP/USD pair fell during the bulk of the week, but bounce slightly in order to form something along the lines of a hammer. At the end of the day, and looks as if we are trying to find support...
The NZD/USD pair went back and forth during the course of the week, but ultimately finished fairly flat. With that being the case, we feel that the market will continue to bang around in this general...
The USD/CAD pair tried to break higher during the course of the week, but as you can see struggled once we get above the 1.16 level. The resulting candle is a shooting star, and as a result we would...
With this being Christmas week, we don’t expect much out of this pair but we do recognize that the hammer that form for the previous week of course means that there is plenty of support. With that,...
The gold markets fell during the course of the week, breaking below the $1200 level. Because of this, it appears of the market is ready to go lower, perhaps heading to the 1150 or even 1140 below...
The S&P 500 fell initially during the week but found enough support below the 2000 level to turn things back around and push the market towards the 2080 level. That being the case, the market is...
The NASDAQ fell during most of the week, but found enough support just below the 4600 level to bounce significantly and form a reasonably attractive looking hammer. If we can get above the 4800...
The DAX fell down to the €9200 level, but as you can see found enough support below in order to push the market higher. We ended up testing the €9900 level but pulled back slightly from there in...
The Nikkei as you can see initially fell during the week but found enough support below the ¥17,000 level to turn things back around and send the market higher. With that, we feel that this market...
Fundamental Forecast for Pound:Bullish
British Pound may have set lasting low versus US Dollar
Sterling may indeed continue higher versus the Euro and other major counterparts
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Fundamental Forecast for Japanese Yen: Bullish
Static Domestic Landscape Puts External Factors in Charge of the Yen
Year-End Flows May Drive Yen Recovery Amid Carry Trade Liquidation
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Fundamental Forecast for US Dollar: Bullish
US Federal Open Market Committee meeting leaves US Dollar and yields sharply higher
The US currency has proven sensitive to the Russian Financial...
Forex Weekly Outlook December 22-26
GDP data from Canada and the US, US Durable Goods Orders, New Home Sales, Unemployment claims, Haruhiko Kuroda’s speech are the major topics in Forex calendar....