15Dec
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IForex Market Trading Signals and News – 15 December 2015

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Dollar broadly higher as markets turn to Fed meeting
  • Forex – NZD/USD holds steady, all eyes on Fed
  • Forex – AUD/USD rises off 3-week lows but gains capped

NZD/USD
The New Zealand dollar held steady against its U.S. counterpart on Monday, as investors remained cautious ahead of the Federal Reserve’s highly-anticipated policy meeting this week.NZD/USD hit 0.6692 during late Asian trade, the pair’s lowest since December 9; the pair subsequently consolidated at 0.6710.The pair was likely to find support at 0.6622, the low of December 7 and resistance at 0.6787, the high of December 11.Most investors expect the Fed to raise interest rates for the first time since June 2006 at its upcoming meeting on December 15-16.Higher interest rates would make the U.S. dollar more attractive to yield-seeking investors.

AUD/USD
The Australian dollar rose against its U.S. counterpart on Monday, easing off a three-week low but gains were expected to remain limited as sentiment on the greeback strengthened ahead of the Federal Reserve’s policy meeting this week.AUD/USD hit 0.7214 during late Asian trade, the session high; the pair subsequently consolidated at 0.7208, rising 0.26%. The pair was likely to find support at 0.7098, the low of November 19 and resistance at 0.7283, Friday’s high.Most investors expect the Fed to raise interest rates for the first time since June 2006 at its upcoming meeting on December 15-16.Higher interest rates would make the U.S. dollar more attractive to yield-seeking investors.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.5170 TARGET 1.5190 1.5230 SL 1.5140
  • SELL GBP/USD BELOW 1.5130 TARGET 1.5110 1.5070 SL 1.5160

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