EUR/USD: game over for 2015? What has 2016 for us?

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 23, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Guatemala) - EUR/USD has been on the recovery from post 1.08 Fed hike lows while EZ bourses were falling aiding the euros recovery that was propelled with mixed US data and poor US existing home sales at 4.76m vs 5.35m exp. The Market is illiquid and moves can be exaggerated and focus should remain on 2016 and outlook.

    Do not expect anything from today's session in Asia with Japan out and the UK and US desks will most likely be downloading chess and pacman to their screens while digesting the office Xmas lunches, so it is unlikely we will see much more action now that option expires have passed overnight and books squared up for the Xmas break.

    For 2016, FXStreet hosted a special event about what 2016 might hold for the Forex traders. The panelists were Ashraf Laidi, Boris Schlossberg, Adam Button and Valeria Bednarik. Today, we want to share with you the recording of the whole show. Watch now and look out for commentary around the ECB and QE, Fed one and done (?), China and the currency wars.

    Technically, analysts at Scotiabank noted that the recent price action keeping with the formation of the right‐hand shoulder of a Head & Shoulders top formation on the intraday charts.

    Valeria Bednarik, chief analyst at FXStreet explained that in "the 4 hours chart, the latest candle has opened above the 61.8% retracement of the latest daily decline, while the price has also advanced beyond a now bullish 20 SMA, while the technical indicators are losing their upward strength above their mid-lines, in line with the shorter term outlook."
    For more information, read our latest forex news.

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