Week Ahead December 12th – 16th
FUNDAMENTOS Y ASPECTOS TÉCNICOS DEL EUR/USD
Pair closed last week’s trading session marginally higher on widening divergence between the two central banks. ECB officials on the one side are signalling more rates ahead. On the other side FED is signalling softer rate ahead. Last week’s better than expected economic releases in the US failed to give traction on the US Dollar and kept the pair hovering around monthly higher levels as traders and investors are siting on the side and waiting for this week’s rate decisions.
All traders and investors will be standby for this week’s high impact events highlighting the end for 2022, battle against inflation. The FED is due to release its monetary policy and rate decision on Wednesday. The central bank expected to hike rates by 0.25%, something that is already priced-in the pair’s exchange rate and if confirmed it will clearly signal that the FED is willing to stop hiking rates, that will result to triggering stronger selloff in US Dollar. ECB is due to release their monetary policy and rate decision on Thursday. The central bank expected to hike rates by 0.5% signalling stronger rates increases ahead in their fight against inflation.
En el calendario económico, el martes se publicará el índice de precios al consumo armonizado alemán, que se situará en 11,3, sin cambios con respecto al anterior. El miércoles se publicarán las actas del FOMC, con una previsión de subida de tipos de 0,25%. El jueves, se espera que el BCE suba los tipos en 0,5% y que las ventas minoristas estadounidenses bajen a 0,3%. El viernes, se espera que el PMI manufacturero alemán suba a 46,7, el PMI compuesto europeo suba a 48 y el PMI de servicios estadounidense se mantenga sin cambios en 46,2.
Technically the picture is positive after last week’s close firm above 61.8% In this week’s trading session if pair continues on the upside could accelerate gains to full recovery of 100% 1.0750 Alternatively, if pair resumes the downside we are expecting to retest 1.0300 (61.8%). Our traders are short at 1.0500 targeting profits at 1.0300 we are expecting more aggressive sellers above 1.0600 Alternative if pair retreats on the downside we are expecting new buyers at 1.0300 targeting profits at 1.0600
FUNDAMENTOS Y ASPECTOS TÉCNICOS DEL GBP/USD
Pair closed last week’s trading session marginally lower after both GBP and US Dollar lost their traction for more gains. The better than expected US economic releases failed to fuel the US Dollar as traders and investors are looking into stocks for Santa rally. Both GBP and US Dollar traders stay on the side as they are bracing for the week ahead and the rate decision from both central banks.
As for this week market participants will focus on both central bank’s rate decision. The FED is signalling softer rate hikes ahead as the BOE is failing to give any future signals regarding rate hikes. The FED expected to raise rates by 0.25% on Wednesday’s FOMC. The BOE expected to raise rates by 0.5% on Thursday’s meeting. Traders and investors will be standby ahead of both meetings. The busy economic calendar of this week will generate huge volatility.
En el calendario económico tenemos el lunes el producto interior bruto del Reino Unido apuntando negativo pero mejor que el anterior en -0,1% La producción manufacturera del Reino Unido más baja en -0,1% El martes, la tasa de desempleo de la OIT estable en 3,6% El índice de precios al consumo de EE.UU. más alto en 6,4% El miércoles, el índice de precios al consumo del Reino Unido se espera más alto en 11,5%. El jueves, se espera que las ventas minoristas de EE.UU. bajen a 0,3% El viernes, se espera que las ventas minoristas del Reino Unido bajen a -0,2% El PMI de servicios del Reino Unido sube a 49,2 y el PMI de servicios de EE.UU. se mantiene sin cambios en 46,2
Technically the pair is positive as the pair closed just below 100% and hovering around higher levels. In this week’s trading session if pair manages to continue on the upside, will keep the overall picture positive and could open the road to more recovery up to 1.2500 Alternatively a reversal on the downside could retest 1.1200 (61.8%) Short sellers are standing firm between 1.1600 and 1.2300 targeting profits around 1.1738 we are expecting new buyers around 1.1200 targeting profits above 1.2300 The pair is sitting into an overbought territory and needs extra caution as a sharp downside correction could be around the corner.
Para conocer con más detalle los acontecimientos del calendario económico, visite nuestro calendario económico en directo en:
https://10tradefx.com/economic-calendar/
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