Weekly Market Outlook (16-20 December)
UPCOMING EVENTS: Monday: China Retail Sales and Industrial Production, Japan/Eurozone/UK/US Flash PMIs. Tuesday: UK Employment report, Canada CPI, US Retail Sales, US Industrial Production and...
Tag : Outlook
GBP/USD Weekly Outlook – Action Forex
GBP/USD’s decline last week suggests that corrective recovery from 1.2486 might have completed at 1.2810 already. Break of 1.2615 should affirm this case, and bring...
USD/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 151.37; (P) 152.11; (R1) 153.20; More… Intraday bias in USD/JPY stays on the upside for retesting 156.74 high. Current development suggests that...
RBA’s Hunter does not comment on current state of, outlook for, economy or policy
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and...
USD/CAD Outlook: Loonie Surges Amid BoC’s Cautious Tone
The Bank of Canada shifted to a more hawkish tone that boosted the Canadian dollar. The dollar was weak after US inflation data came in...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8787; (P) 0.8810; (R1) 0.8853; More… Intraday bias remains on the upside for the moment. As noted before, corrective fall from 0.8956...
EUR/GBP Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8267; (P) 0.8279; (R1) 0.8290; More… EUR/GBP’s down trend resumed by breaking through 0.8259 low. Intraday bias is back on the downside...
EUR/USD Outlook: Fed Rate Cut Odds Boost Euro
US employers added 224,000 new workers in November. Markets raised the likelihood of a 25-bps December Fed rate cut from 70% to 85%. Traders await...
GBP/USD Daily Outlook – Action Forex
Daily Pivots: (S1) 1.2704; (P) 1.2758; (R1) 1.2793; More… Intraday bias in GBP/USD is turned neutral again with current retreat. Rebound from 1.2486 short term...
USD/JPY Weekly Outlook – Action Forex
USD/JPY edged lower to 148.64 last week but turned sideway since then. Initial bias stays neutral this week first, and further fall is in favor...