What I See in FX Market

$EURUSD What ProAct Forex Target Traders See: We are currently sitting @ 1.2440 in a 5th wave but still ranging. We could get the turn here. If not, look to the 1.618 Fibo @ 1.2193 as the target. The average daily true range (ATR) for the pair currently is 107 pips. ————————————————————————-- $USDJPY What ProAct Forex Target Traders See: We are currently @ 118.67. We are looking for a much needed correction back to the support area @ 116.09. The average daily true range (ATR) for the pair



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Yen May Turn as US Data Outcomes Amplify Year-End Capital Flows

The Japanese Yen may rebound from six-year lows as US economic data outcomes fuel Fed rate hike bets, amplifying risk aversion triggered by year-end capital flows.





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Dollar Ready to Take Advantage of Market Unease But Rates at Risk

Like the US equities, the US Dollar reached to for a fresh high to close out this past week.





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Weekly Trading Forecast: Dollar Hits a Record Before the ECB Weighs Further QE

We are coming off a holiday trading week, and December is know as the best month historically for capital market returns.





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AUD Exposed To Further Declines As Yield Advantage Erodes

The Australian Dollar remains vulnerable after sliding to a fresh 2014 low as a jump in volatility and a declining yield advantage stand to weigh on the currency.





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British Pound Looks to Key Data as it Nears Significant Low

The British Pound finished lower for the sixth-consecutive trading week versus the US Dollar, and a busy week of economic event risk ahead points to GBP volatility and potential losses.





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U.s. Mint Sells No American Eagle Platinum Coins in November

U.S. mint sells no american eagle platinum coins in November

The material has been provided by InstaForex Company - www.instaforex.com



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