GBP/USD Comments:
• Anna Coulling: Breakout above USD1.6107 key-good platform for sustained move higher.
• ecPulse.com: 1.5965 should hold to keep our overview
• Valeria Bednarik: Consolidation above 1.6000 this week, confirms further upside momentum over the upcoming weeks in the cross.
• Ilian Yotov: The GBP could continue to benefit if the BoE stays on the sidelines with the expansion of its Asset Purchase Program because of stronger-than-expected U.K. economic data.
• Mohammed Isah: Bullish offensive has seen the pair breaking through 1.6105 level on Thursday thus paving the way for additional gains the coming week. Between one and three months, we are bullish on the pair.
• Dr. Sivaraman: Aggressive gains could be seen
• Yohai Elam: In the long term, austerity measures in the UK will hurt the pound.
EUR/USD Comments:
• Anna Coulling: Bullish breakout above USD1.4080 now complete.Strong platform in place for sustained move higher.
• ecPulse.com: 1.3650 should hold to keep our overview,1.4085 must be breached to confirm 1 Week trend.
• Valeria Bednarik: After FOMC, pair is set to extend its gains for the upcoming month, as market temporary ignores sovereign debt woes in Euro zone. Will weight on the cross however, once current excitement settles down.
• Ilian Yotov: Ahead of the Fed's announcement, I was in the "moderate approach" camp, but with the Fed giving the "green light" for additional debasement of the USD, further advancement into the mid $1.40s could be seen if the EUR manages to sustain above $1.40 this time around.
• Mohammed Isah: With a convincing break and hold above the 1.4070/1.4157 levels occurring on Thursday, we see bullish tone extending into next week.Our overall outlook remains bullish in one to three months.
• Dr. Sivaraman: This pair is expected to gain significantly
• Yohai Elam: The Euro will ride the QE decision in the short term
USD/CHF Comments:
• Anna Coulling: Recent small rally snuffed out by longer term moving averages. Its inverse correlation with EUR/USD back in play.
• ecPulse.com: Breaching 0.9550 is needed to confirm 1 quarter trend
• Valeria Bednarik: Bullish correction seems complete, and pair is back lower; probably heading towards fresh lows before a new bottom sets.
• Ilian Yotov: The USD has taken advantage of the opportunity for a more significant price correction of its losses vs. CHF, but further USD debasement could send the pair re-testing recent lows in the mid $0.90s.
• Mohammed Isah: Having lost upside momentum and collapsed off the 0.9970 level, bear pressure is now set to retarget the 0.9462 level and possibly lower. We maintain our bearish outlook on the pair within one to three months.
• Dr. Sivaraman: Contrarian gains are expected much against the expectations
• Yohai Elam: The Swiss Franc enjoys a strong economy and a renewed safe haven status that push it in the short term.
Key:
• Bearish: Belief that a particular currency is about to fall in value; understood as a general pessimistic trend about the state of that given currency.
• Bullish: Belief that a particular currency is about to rise in value; understood as a general optimism about the state of that given currency.
• Sideways: A sideways trend manifests when the volume of a currency pair bought and the volume of the same pair sold at a particular price are in balance or nearly in balance.
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