Currencies & Forex

Currencies Market Morning Brief: December-15-2015

U.S. Dollar Index March-2016 Futures: Trading @ 97.812 (+0.157), the dollar is finding support @ 97.20 and attempting to reverse its short-term downtrend. The Federal Reserve interest rate policy meeting and its expected rate hike are also lending support. Resistance is @ 98.00 -98.20. (6:12am PT)

Spot EUR/USD: Trading @ 1.097, the rally in the Euro may be coming to an end as it test support at its short-term trend line. (6:15am PT)

Spot USD/JPY: Trading @ 121.20, the Yen’s gains against the dollar may have ended as it moves from a recent low of 120.33, which was very close to qualifying for double-bottom territory. (6:17am PT)

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