Saturday, November 9, 2013

Recent Weekly Forex Trading Forecast: Looking for Trend in Heightened Dollar, Euro Volatility US Dol


UK house prices look to have come off the boil month on month, as reported by the website Rightmove, which isn t unexpected during the summer months. House prices in the UK still remain buoyant flat following the commitment from the BOE s Mark Carney flat that he ll keep base rates at 0.5% until unemployment falls to 7% .UBS analysts suggest We remain cautious on GBP/USD. flat First, the strength of recent positive data surprises flat in the UK is unlikely to keep beating expectations. In contrast, a firm August payrolls report in the US will harden expectations the Fed will start tapering its own asset purchases.
Things are very thin on the ground today in terms of economic data and in fact this week continues in a similar vein. The markets continue to focus heavily on when the Federal Reserve might commence tapering its quantitative easing program and are even looking as far ahead as who will take over from Ben Bernanke when he steps down in January of next year. . Danske Research Team suggest traders should flat place buy limit orders at 1.5617 for objective 1.5753 with the stop being placed at 1.5565 . The FXstreet.com Trend Index shows the pair to be slightly bullish. Daily pivot point support and resistance can be found at S3: 1.5600 S2: 1.5565 flat S3: 1.5513 R1: 1.5724 R2: 1.5764 flat R3: 1.5803 For more information, read our latest forex news .
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Recent Weekly Forex Trading Forecast: Looking for Trend in Heightened Dollar, Euro Volatility US Dollar Attempts Major Reversal as Taper, Risk Debate Heats Up Australian Dollar Looks to China Plenum to Inform RBA Outlook China October Producer Price Index (YoY) decreases to -1.5% vs -1.3% China Consumer Price Index (MoM) decreases to 0.1% in October from 0.8% China October Consumer Price Index (YoY) improves to 3.2% vs 3.1% Is The USD/JPY flat Finally Ready to Break Higher? Labels
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