MARKET BRIEFING – LONDON OPEN 17.02.2016

MARKET BRIEFING – LONDON OPEN 17.02.2016

Postby Atlas CapitalFx » Wed Feb 17, 2016 7:06 am

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MARKET BRIEFING – LONDON OPEN 17.02.2016





The US, Federal Reserve Open Market Committee will today publish the much anticipated minutes of its last meeting.

These minutes are a detailed account of last Federal Reserve meeting. As such, this publication provides to market participants and financial media some colour on the backdrop of the meeting. These minutes allows traders to gain insights on how individual FOMC members are positioned with respect to interest rates as we approach the next Federal Reserve meeting that takes place in March.

We expect that this publication will portray rather balanced tone were the bias for tightening is limited by the current uncertainty that has gripped the market.

The minutes of the December meeting presented a united picture in terms of how the committee members unanimously voted for a rate increase. However, some members of the FOMC did voice concerns that this decision to hike the Fed Funds rate may have been premature.

Market volatility is bound to increase just prior and during the publication. However, what will be of interest will be to see if the dissenting voices within the Federal Reserve are getting stronger and if other members of the committee who previously backed Decembers rate increase now appear to be regretting their decision.







EURUSD

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The intraday technical outlook

Trend 1 hour: Down

Target 1: 1.1270

Target 2: 1.1015

Projected range in ATR’s: 0.0127

Daily control level: 1.1190




GBPUSD

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The intraday technical outlook

Trend 1 hour: Down

Target 1: 1.4470

Target 2: 1.4135

Projected range in ATR’s: 0.0166

Daily control level: 1.4515




USDJPY

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The intraday technical outlook

Trend 1 hour: Down

Target 1: 115.90

Target 2: 112.30

Projected range in ATR’s: 1.80

Daily control level: 114.90



USDCHF

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The intraday technical outlook

Trend 1 hour: Up

Target 1: 0.9995

Target 2: 0.9775

Projected range in ATR’s: 0.0111

Daily control level: 0.9845




USDCAD


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The intraday technical outlook

Trend 1 hour: Up

Target 1: 1.4025

Target 2: 1.3700

Projected range in ATR’s: 0.0164

Daily control level: 1.3705




AUDUSD

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The intraday technical outlook

Trend 1 hour: Down

Target 1: 0.7210

Target 2: 0.7010

Projected range in ATR’s: 0.0102

Daily control level: 0.7120




GOLD

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The intraday technical outlook

Trend 1 hour: Down

Target 1: 1224.00

Target 2: 1177.00

Projected range in ATR’s: 23.42

Daily control level: 1217.55



OIL

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The intraday technical outlook

Trend 1 hour: Down

Target 1: 31.00

Target 2: 27.00

Projected range in ATR’s: 2.06

Daily control level: 31.50






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Atlas CapitalFx
 
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Joined: Mon Dec 17, 2012 7:53 am

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