Week Ahead June 12 – 16
EURUSD pair closed last week’s trading session marginally higher on worse than expected US economic releases and better than expected EU economic releases. The pair traded in a tide range as it was expected due to the light economic calendar from both sides. This week’s FOMC kept traders and investors on hold as expectation of a rate hike were mixed during last week’s trading session.
As for this week traders and investors will mainly focus on the FOMC due to be release on Wednesday, with the FED’s projections for the next two years. The FED is expected to maintain its interest rate unchanged at this meeting. Although the rate path for the next two years will generate some volatility as investors and traders will start to re positioned. ECB rate decision also due to be release on Thursday with the central bank on course of hiking rates by 0.25%.
El martes, el índice de precios al consumo armonizado alemán se mantendrá sin cambios en el 6,3% y el índice de precios al consumo estadounidense subirá al 5,6% El jueves, se espera que las ventas minoristas estadounidenses bajen al -0,1% El viernes, el índice de precios al consumo armonizado europeo se mantendrá sin cambios en el 5,3% y se espera que el sentimiento de los consumidores estadounidenses de Michigan baje al 56,6
Technically the picture is positive after last week’s break and close above 50%. In this week’s trading session if pair continues on the upside will test 1.0811 (38.2%) Alternative a break and close below 1.0715 (50%) will change the picture back to neutral and retest 1.0628 (61.8%). Our traders are long at 1.0715 targeting profits above 1.1000 We are expecting more aggressive buyers at 1.0620 and short sellers to appear above 1.0923 (23.6%)
GBPUSD pair closed last week’s trading session higher on the lack of any high impact economic releases from the UK and the worse than expected economic releases in the US. Traders and investors were sitting on the side for the so long awaited FOMC due this Wednesday. The pair benefit on the upside as traders and investors are weighing a dovish FOMC.
As for this week traders and investors will mainly focus on the FOMC due to be release on Wednesday, with the FED’s projections for the next two years. The FED is expected to maintain its interest rate unchanged at this meeting. Although the rate path for the next two years will generate some volatility as investors and traders will start to re positioned.
En el calendario económico tenemos el martes, la tasa de desempleo de la OIT del Reino Unido apuntando al alza en 4%, el PIB del NIESER del Reino Unido sin cambios en 0,1% y el índice de precios al consumo de EE.UU. al alza en 5,6% El miércoles, la producción manufacturera del Reino Unido se espera a la baja en -1,8% El jueves, las ventas minoristas de EE.UU. apuntando a la baja en -0,1% y, finalmente, el viernes, el sentimiento del consumidor de Michigan EE.UU. a la baja en 56,6
Technically the pair is positive after last week’s close higher between (23.6% – 0%) As for this week if pair continues on the upside will re-test 1.2650 (0%) Alternative if trades on the downside, will retest 1.2450 (23.6%) Short sellers are standing between 1.2200 – 1.2550 targeting profits at 1.2000 we are expecting more aggressive short sellers on the way up and new buyers to appear around 1.2200 targeting profits above 1.2500
Para conocer con más detalle los acontecimientos del calendario económico, visite nuestro calendario económico en directo en:
https://tentrade.com/economic-calendar/
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