GBPUSD Forecast The GBPUSD attempted to push higher yesterday, topped at 1.5601 but closed a little bit lower at 1.5576 and hit 1.5536 earlier today. The bias is neutral in nearest term but as long as stays above 1.5400 my overall intraday bias remains to the upside since the rejection to move consistently below 1.5270 [...]
***Economic Data*** – (EU) ECB: €2.3B borrowed in overnight loan facility vs. €1.6B prior; parked in deposit facility (fresh record highs) vs. €501.9B prior – (ZA) South Africa Dec CPI (all items) M/M: 0.3%e v 0.3% prior; Y/Y: 6.3% v 6.1% prior – (MA) Malaysia Dec CPI Y/Y: 3.0% v 3.1%e – (IT) Italy Nov [...]
Economic Data ECB: €1.5B borrowed in overnight loan facility v €1.4B prior; €481.9B parked in deposit facility €463.6B prior Finland Oct GDP Indicator: 1.1% v 1.4%e Finland Nov Industrial Production M/M: +0.5% v 0.1%e; Y/Y: 3.5% v 3.4%e Bank of France Dec Business Sentiment: 96 v 95e France Nov Manufacturing Production M/M: +1.3% v 0.4%e; [...]
The US Dollar (ticker: USDollar) recovered against most of its leading counterparts in overnight trade as currency markets digested yesterday’s selloff that saw the greenback slide 0.9 percent against the majors, marking the largest daily drop in two weeks. The Australian Dollar underperformed, down as much as 0.5 percent against its US namesake. The likewise [...]
EURJPY Forecast The EURJPY was indecisive yesterday made a Doji on daily chart. The bias remains bearish in nearest term testing 100.74 support area. A clear break and daily close below that area could trigger further bearish scenario testing 100.00 psychological support. Immediate resistance is seen around 101.81 (yesterday’s high). A clear break above that [...]