Dec. 16: American session
In the currency market is once again approaching the day "X" - Wednesday, the next Fed meeting, during which the decision will be made about the future of QE. The whole affair coming days will revolve around this issue. Many experts expect the onset of decline of quantitative easing. Against this background, the U.S. dollar weakened today against most world currencies.
The EUR/USD has formed a daytime high in the 1.3800 figure. However, disclosure, in general, positive data from the United States, made the currency pair back to 1.3750 support. Now the bulls once again tuned to buy and trades are carried at session highs. Possible further strengthening of the single European currency. GBP/USD is now also trading in positive territory, albeit small. Bulls decided to use a figure of 1.6300 support, overcoming, resistance is now 1.6325.
Positive attitude of market participants in USD/CHF pair unexpectedly weakened. Today the pair tested the lows of last week, falling to 0.8840. After a slight rebound in prices from the current level, the bears again went on the offensive, showing serious intent to continue the downtrend. USD/JPY also traded in the negative zone, down to the time of writing just over 30 pips in 102.80, since the opening of trading. Nevertheless, it should be noted that this reduction is moderate. A feeling that the Bears still do not want to take more serious steps. It is possible that soon the pair will continue recovery.
Australian AUD/USD traded in Friday's range. Bullish sentiment appeared only at the beginning of the American session. The pair topped today's high , recovering to 0.8970 area . Perhaps the market activity will increase after the publication of the morning session of the commission protocols monetary policy RBA . More modest movement observed on the pair NZD/USD. Trades are laterally under the morning Hai 0.8285 .
Pair USD/CAD continues to decline , approaching 1.0560 strong support. Bidding is now underway at a session low 1.0575. Possible further weakening against the Canadian American.
Tatiana Norkina, an analyst at FBS