EUR/USD: Currency pair temporalily dropped at the beginning of last week to the minimium of two years period. The european currency was put down by the austrian gouvernor of the ECB Ewald Nowotny who admitted the possibility of purchase the treasury bonds. EUR/USD has weakened down to 1,2247 after mr. Nowotny gave his speech.
This Week's events
JPY: Dec 15, 00:50 Tankan Large Manufacturing Outlook
GBP: Dec 16, 08:00 Bank Stress Test Results
EUR: Dec 16, 09:30 Markit Manufacturing PMI
EUR: Dec 16, 11:00 ZEW Survey - Economic Sentiment
GBP: Dec 16, 10:30 Consumer Price Index (YoY)
USD: Dec 16, 14:30 Building Permits (MoM)
GBP: Dec 17, 10:30 BOE MPC Vote Hike
EUR: Dec 17, 11:00 Consumer Price Index - Core (YoY)
USD: Dec 17, 14:30 Consumer Price Index (YoY)
USD: Dec 17, 19:00 Fed's Monetary Policy Statement
USD: Dec 17, 19:00 FOMC Economic Projections
USD: Dec 17, 20:00 Fed Interest Rate Decision
USD: Dec 17, 20:30 Fed's Monetary Policy Statement and press conference
EUR/USD
Last week the EUR/USD has oscillated around 1.2246-1.2490. Towards the end of the week, the EUR has strengthened against the USD and finished the week at 1.2450. The closest support for this week is found at 1.2350. If this support is overcome, we can expect a decline down to 1.2246. The closest resistance for this week is found at 1.2490. If this resistance is overcome we can expect a growth up to 1.2573. This week we expect a bearish trend.
GBP/USD
Last week the GPB/USD has oscillated around 1.5540-1.5756. Towards the end of the week, the GBP has strengthened against the USD and finished the week at 1.5710. The closest support for this week is found at 1.5668. If this support is overcome, we can expect a decline down to 1.5568. The closest resistance for this week is found at 1.5763. If this resistance is overcome we can expect a growth up to 1.5830. This week we expect a bullish trend.
USD/JPY
Last week the USD/JPY has oscillated around 117.45-121.81. Towards the end of the week, JPY has strengthened against the USD and finished the week at 118.80. The closest support for this week is found at 117.60. If this support is overcome, we can expect a decline down to 116.08 The closest resistance for this week is found at 119.10. If this resistance is overcome we can expect a growth up to 121.25. This week we expect a bullish trend.
GOLD
Last week Gold has oscillated around 1185-1238. Towards the end of the week, Gold has strengthened and finished the week at 1220. The closest support for this week is found at 1197. If this support is overcome, we can expect a decline down to 1166. The closest resistance for this week is found at 1217. If this resistance is overcome we can expect a growth up to 1236. This week we expect a bullish trend.
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