Fed Meeting Suggests One Or Two Rate Hikes This Year
This week’s Federal Reserve meeting served as confirmation for investors that the bank is still planning to raise interest rates some time before the end of this year.
Currencies
Abe the Yen Samurai
Fukushima. However, the Japanese public seemed to take responsibility and handled it with class and dignity.
GBPUSD Forecast June 18, 2015, Technical Analysis
The GBPUSD pair broke much higher during the course of the session on Wednesday as we finally cleared the 1.58 level. Because of this, we feel that the market has broken out and it’s only a matter time before the British pound continues to go much higher against all currencies, not just the US dollar.
AUDUSD Forecast June 18, 2015, Technical Analysis
The AUDUSD pair initially fell during the course of the session on Wednesday, finding support near the 0.7650 level.
EURUSD Triangle Breakout June 18, 2015
EURUSD just broke out of its short-term consolidation pattern, signaling that further gains are possible for the pair. Recall that price had traded inside a symmetrical triangle pattern before breaking to the upside past the 1.1300 major psychological resistance.Â
China, Australia Sign Free Trade Agreement
China and Australia signed a long-awaited Free Trade Agreement (FTA) on June 17 in Canberra, Australia.
EURUSD Forecast June 17, 2015, Technical Analysis
The EURUSD pair went back and forth during the course of the session on Wednesday, as we found the 1.12 level to be supportive. We believe that this market continues to bounce back and forth as we have no real chance of a significant trade at the moment.
USDJPY Forecast June 17, 2015, Technical Analysis
The USDJPY pair did very little during the session on Wednesday, as we continue to bounce around the 123 handle.
GBPUSD Forecast June 17, 2015, Technical Analysis
The GBPUSD pair initially fell during the day on Wednesday, but found enough support below yet again to turn things back around and form a hammer.
AUDUSD Forecast June 17, 2015, Technical Analysis
The AUDUSD pair initially fell on Wednesday, but found enough support below to turn things back around to form a hammer for the day.