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Session Data for Fri Dec 12 (GMT-5:00 ET)

UBS FX – Dollar Correction Levels

via UBS: EURUSD has extended its recovery to trade above the 1.2459 high of Dec. 4, activating the stop on the recent short I recommended at 1.2391. This activity opens the door for further upside extension in the short term, with potential for a test of 1.2602, the Nov. 19 extreme. The trending condition is […]

USD/CAD extends gains above 1.15 by Milan Cutkovic

USD/CAD broke above 1.15 resistance and extened gains to 1.1537 Main factors are declining oil prices and stronger US retail sales data earlier Dealers report decent offers into 1.1550, but stops resting just above and through 1.1565 Next major chart resistance noted at 1.1724, which is the Summer 2009 high The post USD/CAD extends gains […]

Strong US Retail Sales boosts USD by Milan Cutkovic

Retail Sales 0.7 % vs 0.4 % f/c Core Retail Sales 0.5 % vs 0.1 % f/c EUR/USD drops to 1.2420 while USD/JPY rises back above 118.50 The post Strong US Retail Sales boosts USD appeared first on www.forextell.com.

EUR/CHF lower as SNB takes no action by Milan Cutkovic

Nothing new from the SNB The bank keeps the 1.20 floor and says it will take further measures if necessary to defend it Some were expecting the introduction of negative deposit rates, hence the drop in EUR/CHF Lower inflation forecasts also weighed on it The pair dropped from 1.2037 to 1.2011 The post EUR/CHF lower […]

GOLD: Intraday stops sitting below 1224.50 by Reece Marini

GOLD M15 The 1:1 (Purple) has attracted some buying interest, but the market is looking heavy intraday and there are likely a number of stops sitting just below 1224.50. If a solid close is seen below the 1:1 (Purple) selling intraday rallies will be the best play going forward as the 1238.00 high is likely […]

USD still weak but FX choppy ahead of key data by Mary McNamara

The USD has fallen further since I last posted but FX remains choppy ahead of tonight’s key ECB and SNB data/news and USD retail sales & unemployment data. The USD index has fallen to test a 6 week trend line but this is supporting price for the time being. USDX: the 89 and 88.50 levels have given […]

Is 1.55400 the bottom in Cable ? by Reece Marini

GBPUSD H4 The break below the triple bottom (White) looks to have been a false break with the market reversing pretty quickly once it was back above the 1.55800 low. The 1:1 (Yellow) saw some selling on the first test a few day back but there was little follow through, the market is now looking […]

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