December 2014

Oil (G5) 55.15 Oil tumble after OPEC decision with no supply cut Oil prices sustain drop after OPEC meeting where countries agree that no supply cut action Market managed to add more drop pressure after the International Energy…
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USD/JPY: 120.35 Japanese Yen on uptrend wave Short-run As we advised before, market managed to hit below 118.00 levels which may activate farther drop later toward 115.00-50 zone market managed to test the doors of 115.50…
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GBP/USD: 1.5570 Pound on trading zone market still holding short-run trading zone for the end of this year market now facing resistance at 1.5685 and 1.5785 as long as market holding trades below 1.5825 the downtrend pressure…
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EUR/USD 1.2200 EURO on trading zone As we see over the chart, market still holding trades inside downtrend channel which still providing drop pressure over the pair Short-run market managed to sustain drop toward 1.2165 last…
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Forex Forecast for 29 December 2014 to 2nd January 2015 The US Dollar ended the week on the strong note after the revised third quarter GDP beat estimates rising to 5%, well above expectations. As volume and liquidity were thin on account…
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With two failed attempts at garnering a victory, Greece's government heads into the final week of the year in a third and last attempt to elect Stavros Dimas, the government’s preferred candidate as the Greek president. The voting, which…
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The major news making rounds over the weekend has been the comments from ECB's Governing council member and Bundesbank Chief Jens Weidmann's in an interview with a German newspaper. The main takeaways from the interviews, as reported widely…
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Japanese Premier, Shinzo Abe, hot off the election victory which was viewed as an approval for his Abenomics to revive the Japanese economy, on Saturday unveiled a new stimulus package by his government. Totaling 3.5 trillion Yen, or…
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Among the most interesting events next year will be the situation in Japan. Last week we had a mix of data of which the positive ones came from Japan’s Governor Haruhiko Kuroda, who claimed that the central bank is encouraging companies to…
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Crude Oil poised to settle near lows of $55 for this year Crude Oil futures made an attempt last week to break higher but failed, resulting in a continued bearish price action as noted in last week’s Crude Oil analysis. The appearance of…
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