Weekly Analysis – 30th to 4th December 2015

Posted On 29 Nov 2015

This week, we look into 3 potential setups: USDCHF, NZDUSD, and GBPAUD.

Next week is certainly not the normal December session as we have numerous key events in line. With the expectation of further strength and weakness in the USD and CHF respectively, we would be looking for opportunity to long USDCHF.

Fundamental of NZD is still weak with the possibility that RBNZ will further cut their rate in December. We have GDT Price Index coming out next week, and we are expecting it to come out negative, pushing the Kiwi lower.

For GBPAUD, we are looking to mainly capture the sentimental shift in GBP after the dovish tone from BoE, and the overall neutral stance in Aussie.

About the Author

A self-taught trader, Kar Yong was interviewed in Channel News Asia’s Money Mind Young Investor and featured as Social Guru on eToro social trading platform in 2013. He founded FX Pipsology in 2014, a platform dedicated to people with similar interest in forex trading. At present, Kar Yong is also a teacher and mentor to many. [space height="20"] [social type="facebook"]https://www.facebook.com/fxpipsology[/social] [social type="youtube"]https://www.youtube.com/channel/UCjsEg0JoKjwQF7X7dN8MHkQ[/social]