Fed finally raises rates as expected,
UK stocks is definitely facing resistance of varying degrees ahead
Yesterday, the Fed took courage and acted as anticipated by raising rates 0.25 - In the absence of any curve balls US stocks responded quite positively after making a couple of sharp heads, US indices closed just off the highs of the day, dragging UK100 up...
Ahead of us the most important week of the year due to a Fed that at the next meeting (15-16 December), has decided to commence a series of increases in interest rates and present to forecast further rises in 2016. Investors in particular will await a press conference, Janet Yellen, which will take place 30 minutes after the Fed meeting. At the moment, the chances...
As you can see on the chart there are some support/resistance levels. The price action is Bullish on the short term, probably to 1,1090 - 1,1105. The movement could be extremely direct from monday to wednesday. During the Fed's Minute we don't know how EurUsd could move
During Thursday's session we have witnessed, gave attacking the demand side. From the daily minimum (1.1136), demand led to growth in the area around support levels, noting 1,12-1,1215 high of 1.1208. Largely thanks to Thursday's gains were weaker economic data from the US. (Applications for unemployment benefits were at 277 thousand. Against a forecast of 270...
In the first part of the week, we have seen increases, which were caused by good readings from Germany and the euro zone. The strong support for the euro was also weak readings from the US. The EUR / USD made a high of 1.1333. Then, the common currency began to lose in anticipation of Thursday's Mario Draghigo conference after the ECB meeting. As expected, the ECB...
The first part of the week was marked correction of recent declines that took place last week. On Tuesday, there was a failed attack on the resistance level of 1.1368. Demand reached only to the level of 1.1333 and then the supply has led to declines. The weakness in demand we have seen also during Wednesday's session, when the EUR / USD retreated despite weaker...
Important week ahead for EURUSD. In US ( ISM, NFP and Unemployment ) while in EUR ( CPI and bank rate decision) will be driving forces behind EURUSD move.
I expect short term bullish correction to be initiated by the bounce from 628 Fib retracement at the support levels 1.118 until 1.14 area will be retested and one might consider to rejoin bearish long term...
Thursday was another day where we could watch the appreciation of the dollar against the euro. The supply side supported by very good data from the US, no major problems overcome support at 1,1277-82 (61.8% Fibonacci retracement increases of 1,1016-1,1712). Then the supply headed for the area aids at levels 1,1180-1,1225 I presented as a goal in yesterday's report...
On Wednesday, despite a whole series of data from Europe and the US data, we did not get a definite answer as to the future direction of the currency pair discussed. It is worth mentioning that the PMI for the euro zone's biggest economy, and for the whole euro zone were better than expected. In contrast, US data proved mixed, the reading of ADP was worse than...
