AUDUSD Forecast December 2, 2015, Technical Analysis
The AUDUSD pair broke higher during the day on Tuesday, clearing the 0.73 level.
The AUDUSD pair broke higher during the day on Tuesday, clearing the 0.73 level.
For US equity markets, and the YM emini in particular, it is the daily chart which has focused the mind over the last few weeks, and the prospect of whether or not the sustained resistance level that has developed in the 17,850 region would be breached, or whether this would ultimately cap the Santa Claus rally and bring it to a shuddering halt.
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.
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.
The AUDUSD pair rose during the day on Monday, but struggled to make any real gains.
Oppenheimer & Co. Managing Director John Stoltzfus discusses his outlook for the markets. He speaks on “Bloomberg Markets.”
South Korea’s parliament on Monday ratified its free trade agreement (FTA) with China during the plenary session.
NZDUSD has been on a selloff but it looks like a reversal may be in order. Price is forming an inverse head and shoulders pattern on its 4-hour time frame, with an upside break of the neckline at the .6600 handle likely to send the pair up by 200 pips or the same height as the formation.
China and Russia are setting up a joint venture in Russia for making electromagnetic unit vehicles for the Moscow-Kazan high-speed rail project, railway equipment maker CRRC Corp Ltd said on Thursday.
The AUDUSD pair initially fell during the course of the day on Thursday, but then turned back around to form a bit of a hammer.