Week Ahead February 13th – 17th

Notícias do mercado

Week Ahead February 13th – 17th

EUR/USD FUNDAMENTOS E TÉCNICOS

 

Pair closed last week’s trading session lower on broad US dollar demand. The disappointing economic releases from the EU and the better than expected US economic releases brought the pair lower, entering into a technical negative bias. FED’s officials are signalling another 0.25% rate increase by May 2023 completing a total of 5% interest for the US Dollar. Geopolitical tension between EU and Russia and US with China is an additional factor behind last week’s US Dollar’s demand.

As for this week Traders and investors will mainly focus on the CPI number from the US. A higher than expected release will initiate a new wave of US Dollar demand and push the pair even lower. A lower than expected release will show that higher rates have started to have effect on inflation and will help the pair recover lost ground. From the Euro side the European commission releases for economic growth due to be released on Wednesday will paly a major role in Euro’s direction.

On the economic calendar, we have on Tuesday, European Gross domestic product pointing at 1.9% and US Consumer price index lower at 5.3% On Wednesday, US retail sales expected higher at 0.9%

Technically the picture is negative after last week’s downside move and close below  50%. In this week’s trading session if pair resumes the  upside and breaks above 38.2% could change the picture to neutral and re-test  1.0860  Alternatively, if pair continues on the downside we are expecting to test 1.0620 (61.8%). Our traders are net long by 80% as many short sellers took profit their short positions and new buyers appeared between 1.0870 and 1.0700 targeting profits around 1.1000. We are expecting more aggressive buyers on the way down and short sellers to appear above 1.0900.

 

Eurusd Techicall 1

 

GBP/USD FUNDAMENTOS E TÉCNICOS

 

 

Pair closed last week’s trading session unchanged after mixed economic releases from the UK. Expectation for a higher rate increase in the UK has overshadowed FED’s signal for another 0.25% by May 2023. Traders and investors are closely following the strong presence and support of UK’s government in the Ukraine war with Russia and this weighs negative on economic growth as fears of escalation beyond Ukraine are increasing.

As for this week traders and investors will focus on CPI releases from both the US and the UK. A higher release will accelerate gains for either the US Dollar or the GBP as it will add pressure on both central banks to continue their aggressive rate increase policy.

On the economic calendar we have on Tuesday the UK ILO unemployment rate to remain unchanged at 3.7% and US Consumer price index lower at 5.3% On |Wednesday, UK consumer price index expected lower at 10.3% and  US retail sales expected higher at 0.9% On Friday, UK retail sales expected higher at 1.8%

Technically the pair is neutral after its closed above 38.2% . As for this week if pair resumes the upside could retest 23.6%. Alternative if continues on the downside, will test 50% A break below 50% could accelerate losses and open the road for 1.1800. Buyers are standing firm at 1.2060 and 1.1960 targeting profits above 1.2200 We are expecting more aggressive buyers on the way down. New short sellers could appear at 1.2200 targeting profits at 1.2000

 

 

Gbpusd Techicall 1

 

Para eventos mais detalhados do calendário econômico, por favor, visite nosso calendário econômico ao vivo em: 

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

*O material não contém uma oferta ou solicitação de uma transação em quaisquer instrumentos financeiros. A 10tradefx não aceita nenhuma responsabilidade por qualquer uso que possa ser feito desses comentários e por quaisquer consequências resultantes. Sem representação ou a garantia é dada quanto à precisão ou completude destas informações. Conseqüentemente, qualquer pessoa agindo sobre ela o faz inteiramente em seu próprio risco. Os CFDs são produtos alavancados. A negociação de CFDs pode não ser adequada para todos e pode resultar na perda de todo o seu capital investido, portanto, por favor, certifique-se de compreender plenamente os riscos envolvidos.

 

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