US fundamentals support the greenback.
Asian and European trading sessions:
Euro: Euro continued to stabilize of Tuesday morning. Expectations for the strong European fundamental release today supported the euro. Eventually the Euro-zone ZEW survey (Economic sentiment) for December turned out to be above expectations: 15.5 against the forecasted 10.5.
The EUR/USD pair consolidated around the $1,3450 mark. Its maximum was reached at the $1.3498 level.
British Pound: The sterling demonstrated growth and reached the $1,5900 level against the greenback. The released GB retail price indices for November showed higher levels, compared to expectations. The UK consumer price index grew above expectations as well.
At the same time, the Moody’s agency keeps their negative forecast for the GB banking sector.
Japanese Yen: The USD/JPY pair showed decrease to the level of Y82,82.
New-Zealand Dollar: Retail sales data, which was released on Monday, showed considerable decrease below expectations, which pressured the national currency, and the New-Zealand dollar dropped against its major counterparts.
Oil: Oil traded around the $88.50 mark per barrel.
American trading session:
Euro: The S&P forecasts for Belgium were decreased, which pressured the euro. By the end of the trading day the EUR/USD pair decreased to the levels of $1.3392.
US Dollar: Released US fundamentals supported the greenback, which started to rehabilitate against the euro and the pound. The US advance sales for November turned out to be 0.8% against the expected 0.6%. The US producer price index and US retail sales grew above forecasts as well.
According to the expectations, at the FOMC meeting the rate was left unchanged at the level of 0.25%. The QE program would stay at the previous level of $600 billion. The results of the FOMC meeting did not render any special support to the greenback.
Technical analysis for 15/12
EURUSD
The pair has reached Moving Average (100) 1.34157. If the pair stays below this level the pair will drop to 1.33143. If the pair closes above the pair will rise to 1.34882.
Resistance: 1.34882, 1.35985, 1.37486
Support: 1.33143, 1.31674, 1.30277
GBPUSD
The pair has reached 1.58543. Once the pair closes above this level the pair will rise to 1.60322.
Resistance: 1.58543, 1.60322, 1.62050
Support: 1.56722, 1.54842, 1.53482
USDCHF
The pair has declined to 0.96480. Lower is strong support at 0.95510.
Resistance: 0.96480, 0.97130, 0.97892
Support: 0.95510, 0.94661, 93831
USDJPY
The pair is consolidating between 83.933 and 83.065.
Resistance: 83.933, 84.866, 85.960
Support: 83.065, 82.219, 81.399
AUDUSD
The pair has drawn Flag figure. The end of the figure maybe expected at 1.00907.
Resistance: 1.00067, 1.00907, 1.01744
Support: 0.99207, 0.98436, 0.97424
Asian and European trading sessions:
Euro: Euro continued to stabilize of Tuesday morning. Expectations for the strong European fundamental release today supported the euro. Eventually the Euro-zone ZEW survey (Economic sentiment) for December turned out to be above expectations: 15.5 against the forecasted 10.5.
The EUR/USD pair consolidated around the $1,3450 mark. Its maximum was reached at the $1.3498 level.
British Pound: The sterling demonstrated growth and reached the $1,5900 level against the greenback. The released GB retail price indices for November showed higher levels, compared to expectations. The UK consumer price index grew above expectations as well.
At the same time, the Moody’s agency keeps their negative forecast for the GB banking sector.
Japanese Yen: The USD/JPY pair showed decrease to the level of Y82,82.
New-Zealand Dollar: Retail sales data, which was released on Monday, showed considerable decrease below expectations, which pressured the national currency, and the New-Zealand dollar dropped against its major counterparts.
Oil: Oil traded around the $88.50 mark per barrel.
American trading session:
Euro: The S&P forecasts for Belgium were decreased, which pressured the euro. By the end of the trading day the EUR/USD pair decreased to the levels of $1.3392.
US Dollar: Released US fundamentals supported the greenback, which started to rehabilitate against the euro and the pound. The US advance sales for November turned out to be 0.8% against the expected 0.6%. The US producer price index and US retail sales grew above forecasts as well.
According to the expectations, at the FOMC meeting the rate was left unchanged at the level of 0.25%. The QE program would stay at the previous level of $600 billion. The results of the FOMC meeting did not render any special support to the greenback.
Technical analysis for 15/12
EURUSD
The pair has reached Moving Average (100) 1.34157. If the pair stays below this level the pair will drop to 1.33143. If the pair closes above the pair will rise to 1.34882.
Resistance: 1.34882, 1.35985, 1.37486
Support: 1.33143, 1.31674, 1.30277
GBPUSD
The pair has reached 1.58543. Once the pair closes above this level the pair will rise to 1.60322.
Resistance: 1.58543, 1.60322, 1.62050
Support: 1.56722, 1.54842, 1.53482
USDCHF
The pair has declined to 0.96480. Lower is strong support at 0.95510.
Resistance: 0.96480, 0.97130, 0.97892
Support: 0.95510, 0.94661, 93831
USDJPY
The pair is consolidating between 83.933 and 83.065.
Resistance: 83.933, 84.866, 85.960
Support: 83.065, 82.219, 81.399
AUDUSD
The pair has drawn Flag figure. The end of the figure maybe expected at 1.00907.
Resistance: 1.00067, 1.00907, 1.01744
Support: 0.99207, 0.98436, 0.97424