Week Ahead January 16th – 20th

Notizie Di Mercato

Week Ahead January 16th – 20th

FONDAMENTALI E TECNICI DELL'EUR/USD

Cardimg EURUSD1

Pair closed last week’s trading session firm higher registering a new multi month higher level. Advanced was due to lower than expected US Inflation. The lower than expected will definitely influence FED’s rate decision. The dovish stance from some FED officials added downside pressure on the pair while ECB official maintaining their hawkish stance.

As for this week Traders and investors will mainly focus economic calendar releases and the speeches from central bank’s officials.

On the economic calendar, we have on Tuesday the European ZEW economic sentiment pointing lower at -57 On Wednesday, European Harmonized index of consumer prices to remain unchanged at 5.2% and US retail sales expected lower at 0.1% On Thursday, US jobless claims expected higher at 214K On Friday, German producer price expected at -1.2%

Technically the picture is positive after last week’s break out and closed above 100% the Fibonacci levels are changing now as the pair’s trend has changed positive with more gains ahead.  In this week’s trading session if pair continues on the  upside could retest 0% 1.0860  Alternatively, if pair resumes the downside we are expecting to retest 1.0720 (23.6%). Our traders are short between 1.0500 – 1.0840 targeting profits at 1.0300 we are expecting stop losses to be triggered above 1.0900 Alternatively, if pair retreats on the downside we are expecting new buyers at 1.0700 targeting profits at 1.0900

 

Eurusd Techicall 1

 

 

FONDAMENTALI E TECNICI DI GBP/USD

 

 

Pair closed last week’s trading session firm higher on lower that expected US inflation number. The lower than expected US inflation number will have huge impact on the future FED rate decision. Traders and investors are selling off their US Dollar positions as they start to pricing in expectations of lower interest rates in the US. The dovish speeches from some FED officials also weighted negative on US Dollar and that helped the pair maintain a bullish bias.

As for this week traders and investors will be focus on the heavy economic calendar form the UK. From the US side a few speeches form FED’s official could also create some volatility. Although we are expecting the speeches to be same dovish as last week.

On the economic calendar we have on Tuesday UK ILO unemployment rate to remain unchanged at 3.7% On Wednesday, UK consumer price index expected lower at 10.6% and US retail sales expected lower at 0.1% On Thursday, US jobless claims expected higher at 214K On Friday, UK Gfk consumer confidence expected at -40 and UK retail sales at -4.2%

Technically the pair is positive as it broke and closed above 23.6% level. As for this week if pair continues on the upside could retest 0% alternative a break below 38.2% could accelerate losses and change the overall picture to neutral. Buyers took profit all their positions. We are expecting new buyers to appear at 1.2045 targeting profits above 1.2300. Alternative if pair continues on the upside short sellers will appear around 1.2400 targeting profits at 1.2000

 

 

 

Gbpusd Techicall 1

 

Per un calendario economico più dettagliato, visitate il nostro calendario economico in tempo reale su: 

https://10tradefx.com/economic-calendar/

*Il materiale non contiene un'offerta o una sollecitazione a effettuare transazioni su strumenti finanziari. 10tradefx non si assume alcuna responsabilità per l'uso che può essere fatto di questi commenti e per le conseguenze che ne derivano. Nessuna rappresentanza non viene fornita alcuna garanzia circa l'accuratezza o la completezza di queste informazioni. Di conseguenza, chiunque agisca in base ad esse lo fa a totale rischio e pericolo. il proprio rischio. I CFD sono prodotti con leva finanziaria. Il trading con i CFD può non essere adatto a tutti e può comportare la perdita dell'intero capitale investito, pertanto è bene accertarsi di aver compreso appieno i rischi connessi.

 

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