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December 18th, 2014 @ 11:34 am by Muhammad Azeem

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xau-usdTrend is bearish in 1 hour time frame. The intraday resistance could be seen at the price level of 1231.70 price level. Yesterday, the price of XAU/USD tried to drop which looks like start of a weak bearish trend. As long as the flow of market remains bearish, I am interested to take selling trading opportunities. If bullish candlestick closes above 1231.70 critical resistance level then down trend is going to end. Hence, I might like to quit trading XAU/USD and redo the 1 hour chart analysis.

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December 18th, 2014 @ 10:22 am by William Gilday

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Screen Shot 2557-12-18 at 16.37.38

Hello traders this is the USDJPY 60 minute chart. I picked this chart to show you all that the market is very slow remember each candle is 1 hour. There has been no movement today. I have marked on the chart of the closed Bollinger Bands almost touching each other this is a sign of no volatility in the market. I have shown on the chart the range we are in and that tells the story. Yes the Holiday season is among us so let us enjoy. Traders please be very careful if you are taking trades. Talk Soon William…..

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December 18th, 2014 @ 7:01 am by Mark De La Paz

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Following some interesting tweeks in the usual FOMC statement across the board action saw a firmer dollar as bulls hyped the statement changes to mean that hawks will be getting their way in the FOMC soon. Most notable in the changing text was the omission of phrase “considerable time” when referring to how long the ultra accommodation policy stance were to remain which some took to signal a symbolic tightening this March. Interestingly the recent collapse in oil prices appear to be having very little impact on inflation expectations for the Fed as it sees a gradual rise to the 2% area still.

Meanwhile the decision was far from unanimous with Minneapolis Fed Pres Kocherlakota, Philly Fed’s Plosser and Richard Fisher of the Dallas bank still airing their usual hawkish tones.

1MetaTrader - FX Clearing

Note after all is said and done it is strange that we did not get to see a follow through of the sell-off at the Asian open suggesting that the move was more speculative than anything else and we are likely to see a quick technical recovery.

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December 18th, 2014 @ 12:37 am by Setyo Wibowo

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EURUSD Forecast    

The EURUSD had a strong bearish momentum yesterday bottomed at 1.2319. The bias is bearish in nearest term testing 1.2250 area. Immediate resistance is seen around 1.2385 – 1.2400. A clear break above that area could lead price to neutral zone in nearest term but as long as stays below 1.2550 I still prefer a bearish scenario at this phase.

eurusdhourly

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December 18th, 2014 @ 12:35 am by Setyo Wibowo

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GBPUSD Forecast

The GBPUSD had a bearish momentum yesterday bottomed at 1.5539. The bias is bearish in nearest term testing 1.5500 – 1.5450 area. Immediate resistance is seen around 1.5630. A clear break above that area could lead price to neutral zone in nearest term but I still prefer a bearish scenario at this phase and see every bullish pullback as a good opportunity to sell.

gbpusdh1

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December 18th, 2014 @ 12:32 am by Setyo Wibowo

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USDJPY Forecast

The USDJPY had a strong bullish momentum yesterday topped at 118.89. The bias is bullish in nearest term testing 119.50. Immediate support is seen around 118.00. A clear break below that area could lead price to neutral zone in nearest term as direction would become unclear. My major outlook is neutral.

usdjpyhourly

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December 18th, 2014 @ 12:24 am by Setyo Wibowo

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USDCHF Forecast

The USDCHF had a strong bullish momentum yesterday topped at 0.9745. The bias is bullish in nearest term especially if price able to make a clear break above 0.9750 testing 0.9816 – 0.9837. Immediate support is seen around 0.9675. A clear break below that area could lead price to neutral zone in nearest term as direction would become unclear.

usdchfhourly

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December 17th, 2014 @ 3:24 pm by Mark De La Paz

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The Pre-FOMC action has been to see a firmer dollar today though aside form the commodity pairs down under ranges have been limited thus far. Meanwhile our latest US releases does not exactly support the idea of a Fed that will be tightening soon as inflation metrics once again fell short of expectations remaining well below the unofficial 2.0% target.

calendar 121714c

Up ahead we have one of the more important FOMC announcement with the Fed adjusting its Economic Projections, just in time to account for the recent collapse in oil prices and growing unease for the emerging markets. While as usual we do not expect any change in policy rates, the subsequent press conference 30 minutes after has the potential for fireworks. Here we should ask two things?

1) What is the impact of oils drop on inflation expectations?
2) Is the Job market anywhere near the potential to overheat.

calendar 121714d

For now we are looking for an answer to both questions that could move the markets these are:

1) Oils drop will have a deflationary effect
2) We want further jobs gains as the slack remains

Such a combination could see the dollar with a 180 turn.

1MetaTrader - FX Clearing

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