Indices attempt to post December gain

24 December, 2015

Movements in the currency markets have been a little benign this week, meanwhile indices have jumped higher as Christmas cheer engulfs investors. We are still some way off where we started the month of December on European indices, so with only a hand full of trading days left before year end there needs to be a concerted effort from bulls to record a gain for the month. Commodity markets have also benefitted from an improvement in sentiment having looked oversold for some time now with Brent back in the high $30 range and looking like it could even recapture the $40 mark before the year is over, particularly if bearish positions are squeezed.

Sterling was a standout yesterday as it strengthened on the back of a softer final reading in Q3 UK GDP and this morning GBPUSD is back above 1.4900. The dollar has weakened in this final stretch of 2015 in what has been a standout year for the greenback overall, but as we move closer towards 2016 there are few calls for USD to repeat its 2015 strength, even despite the Fed now finally having commenced its tightening cycle. With today being a half day for many markets, trading is over for most not only ahead of the Christmas break, but for 2015 as a whole.


Source link  
Pound remains weak

The British Pound continues to recede in tandem with the US currency. The current quote in the GBP/USD pair is 1.4801. The pound stands at the minimum of eight and a half months...

The euro is barely moving

In anticipation of the New Year, the main currency pair, it seems, has moved into a phase of consolidation within a narrow range. The euro/dollar is barely moving on Tuesday afternoon. The current quotation of the main currency pair is 1.0972, and is slightly higher than yesterday...

The ECB undermined the euro

On Thursday afternoon, the main currency pair remained under pressure due to yesterday's news about the readiness of the regulator to extend QE. The single European currency on Thursday afternoon is still in a weak position, as investors continue to analyze the information obtained yesterday...


Statistics have upset the Pound buyers

The British pound rose against the dollar for a third day in a row away from local minima. Current quote in the GBP/USD pair is 1.5253. Today data came out on retail sales in the UK in October...

The British pound is back to the September lows

The British Pound is weakening for the third day in a row, but it would all be well if not for the indicators of force from the "bears" in the GBP/USD pair. The current quote in the pair is 1.5127, and it is not far off from the September minimum of 1.5107...

Murrey Math Lines 04.11.2015 (EUR/USD, SILVER)

Eurodollar is still being corrected. The price is trying to stay below the 0/8 level. Possibly, on Wednesday the pair may test the previous high one more time. If the market rebounds from it again and stays below the 0/8level, I am planning to increase my position...


The dollar rose again

On Thursday morning, the main currency pair is still trading down because of mass pressure on the European currency. So, the euro/dollar in the morning on Thursday remained under pressure, although it is taking a very half-hearted attempt to win back at least a symbolic part of yesterday losses...

The yen slightly retreated

The Japanese yen was being sold yesterday and continues to be sold today. The current price of the USD/JPY pair is 119.15. Technically, the instrument clearly intends to move to 120.0 and maybe slightly higher...

The pound was hit by inflation

On Tuesday, the British Pound did not stay at week highs because of the block statistics released by the Bank of England and the statistical department of UK...

  


Share: