IForex Market Trading Signals and News – 16 December 2015


  • Forex -NZD/USD climbs to 1-1/2 month highs ahead of Fed
  • Forex -AUD/USD edges higher after RBA minutes
  • Forex -Dollar moves lower as Fed meeting looms

.The dollar moved lower against the on Tuesday amid growing expectations that the greenback could weaken in the wake of the Federal Reserve’s policy meeting later this week.EUR/USD hit highs of 1.1060, the most since October 30 and was last at 1.1049, up 0.52%. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was at 97.32, off 0.44% for the day.Most investors expect the U.S. central bank to raise interest rates for the first time since June 2006 at its upcoming meeting on Wednesday.Higher interest rates would make the dollar more attractive to yield-seeking investors in the long run, but a rate hike could also trigger dollar selling in the immediate aftermath.With a rate hike priced in investors are now focusing on how quickly the Fed will tighten monetary policy in 2016. The Fed has indicated that the pace of rate hikes will be gradual.

The GBP/USD pair trades slightly lower this Tuesday, hovering between gains and losses around 1.5150 ever since the day started. The release of UK inflation figures failed to support the Pound despite the figures resulted better-than-expected, with the CPI rising by 0.1% in the year to November. Monthly basis, inflation remained flat, against expectations of a 0.1% decline. The producer price index, however, continued to fall yearly basis, down by 1.5%. The technical picture is neutral, as in the 4 hours chart, the indicators are horizontal around their mid-lines, while the price is being capped by the 20 SMA and the 200 EMA, both converging a few pips above the current level. The pair will likely maintain the range during the upcoming hours, until the release of the US inflation data at the beginning of the American session, set to determinate market’s tone for the rest of the day.


  • BUY GBP/USD ABOVE 1.5170 TARGET 1.5190 1.5220 SL 1.5140
  • SELL GBP/USD BELOW 1.5140 TARGET 1.5120 1.5090 SL 1.517

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PTE LTD.

Share this Story

About epicsingapore

Leave a Reply

Your email address will not be published. Required fields are marked *


© Copyright 2013, All Rights Reserved, Epic Research Pvt. Ltd.