This website use cookies to improve your experience, when you visit our site.

Analysis for 22nd December 2015

USD/EUR predominantly ranging

Yesterday the eruo climbed above 1.09 USD, and today the activity could be a little reluctant two days before the holidays, with just a few data expected. At 8:00h CET the figures for the GfK consumer climate in Germany will be published. Only when these differ materially from forecasts, they could could move the price. Greater impact have the figures for the GDP of the United States, which will be published at 14:30h CET, and especially the data about the existing sale of homes at 16:00h CET. Without surprises in the economic data, the pair could be in the range between 1.090 and 1.094 today.

GBP/USD Ranging, but tends to decrease

The British pound remains under high pressure, and today nothing is expected, what could reduce this pressure. While the couple yesterday was moving in a narrow range from 1.488 to 1.492, the US data might cause more movement today. WIth positive US data the first goal could be at 1.4855. If the data remains below the expectations of the forecasts, it could go back towards 1.50, with a first target at 1.4950.

USD/JPY Possibly rising

Similar to the previous pair, the yen yesterday against the dollar have moved within a narrow trading range. This is expected to continue today until the release of US data. Depending on the results, the first goal then could be at 121.60 with positive numbers, and if they are negative, downwards at 120.80.

Risk disclaimer:
The opinions of the author to market behaviour does not constitute a solicitation to buy or sell any financial products, but are merely a personal opinion. When you trade leveraged financial products, you must be aware that a loss up to the amount of your deposit is possible, and in addition can also be an obligation to arise. Make yourself familiar with active trading or get independent advice before you invest your own money and use only money to invest that you can lose in the worst case

Forex Brokers Reviews

  • XM Broker Review

    XM is an investment firm founded by financial professionals and headquartered in London, UK. XM's ambition is to provide fair trading for investors and traders, even with no negative balance with...

    Read more: XM Broker...

  • ThinkMarkets Broker Review

    ThinkMarkets is a global Forex and CFD broker established in 2010. The company has its origins in Australia, where it is licensed and regulated since 2012 by the ASIC under the name TF Global...

    Read more: ThinkMarkets...