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AUDUSD Forecast December 4, 2015, Technical Analysis
The AUDUSD pair initially fell during the day but then turned back around as we continue to see the strength in the Australian dollar.
AUDUSD Ascending Trend Line Dec 3, 2015
AUDUSD has been moving in a steady uptrend, trading above an ascending trend line connecting the latest lows of price action. Price recently made a swing high near the .7350 minor psychological level before showing signs of a pullback.
EURUSD Forecast December 2, 2015, Technical Analysis
The EURUSD pair rallied during the day on Tuesday, bouncing above the 1.06 handle.
AUDUSD Forecast December 2, 2015, Technical Analysis
The AUDUSD pair broke higher during the day on Tuesday, clearing the 0.73 level.
The Argument Against A Rate Hike
The Federal Reserve’s upcoming December meeting is likely to result in an interest rate hike; the majority of analysts are expecting the bank to make a move.
EURUSD Forecast December 1, 2015, Technical Analysis
At this point in time, we believe it’s pretty much a foregone conclusion that the market is going to reach down to the 1.05 handle. However, there isn’t much in the way of room between here and there so we believe that shorting this market off of short-term time frames will be about the only way to go.
AUDUSD Forecast December 1, 2015, Technical Analysis
The AUDUSD pair rose during the day on Monday, but struggled to make any real gains.
2016 Will Be A Better Year For Stocks Here’s Why
Oppenheimer & Co. Managing Director John Stoltzfus discusses his outlook for the markets. He speaks on “Bloomberg Markets.”
S. Korea Ratifies Free Trade Agreement With China
South Korea’s parliament on Monday ratified its free trade agreement (FTA) with China during the plenary session.