Week Ahead December 11 – 15

EURUSD pair closed last week’s trading session lower on upbeat US economic releases, and weaker EU economic releases. European inflation release stabilizing at 2.3% and this waives possibilities of any new interest rate increase. Demand for US Dollar spike on Friday after a strong non-farm payroll release as the labor market is one of the catalysts that FED is weighing on their interest rate policy. All the factors together pushed the pair lower during last week’s trading session.

As for this week, traders and investors will focus on the Wednesday’s FOMC and US CPI release, and on Thursday’s ECB interest rate decision. None of the central banks are expected to change interest rates at this meeting. Although the press conference that will follow will be as strong guide through FED’s and ECB’s future interest rate policy.

On the economic calendar we have on Tuesday, the US CPI with expectations to remain unchanged at 4% on Wednesday, US producer price index to remain unchanged at 2.4% On Thursday, US retail sales pointing lower at -0.1% On Friday, German manufacturing PMI expected higher at 43.3 European manufacturing PMI higher at 44.5 and US manufacturing PMI lower at 49.1

Technically the picture is neutral after last week’s close just on (38.2%) at 1.0762 In this week’s trading session if pair continues on the downside and break and close below (38.2%) could open the road for 1.0640 (23.6%) If resumes on the upside it will retest 1.0860 (50%) Our traders took profit their short positions at 1.0762 and turn long targeting profits at 1.1000  We are expecting more aggressive long  positions on the way down and new short sellers at 1.0962

GBPUSD pair closed last week’s trading session lower on upbeat US economic releases. Demand for US Dollar spike on Friday after a strong non-farm payroll release as the labor market is one of the catalysts that FED is weighing on their interest rate policy. All the factors together pushed the pair lower during last week’s trading session.

As for this week traders and investors will mostly focus on Wednesday’s FOMC and US CPI release, and on Thursday’s BOE’s interest rate decision. None of the central banks are expected to change interest rates at this meeting. Although the press conference that will follow will be as strong guide through FED’s and BOE’s future interest rate policy.

On the economic calendar we have on Tuesday, the UK ILO unemployment rate to remain unchanged at 4.2% the US CPI expected to remain unchanged at 4% on Wednesday, UK Gross domestic product expected lower at -0.1% UK manufacturing production higher at 1.9% US producer price index to remain unchanged at 2.4% On Thursday, US retail sales pointing lower at -0.1% On Friday, UK manufacturing PMI expected higher at 47.5 and US manufacturing PMI lower at 49.1

Technically the pair’s overall picture is positive after last week’s close above (38.2%) at 1.2547 As for this week, if pair resumes on the upside, a break and close above (50%) will accelerate gains and re-test 1.2730 Alternative, if continues on the downside, will retest 1.2460 (38.2%) Our traders took profit their short positions at 1.2510 and now are waiting for better technical levels. We are expecting new short sellers at 1.2825 61.8% targeting profits below 1.2500 and long positions at 1.2460 targeting profits at 1.2825

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

https://tentrade.com/economic-calendar/

*O material não contém uma oferta ou solicitação de uma transação em nenhum instrumento financeiro. A TenTrade não se responsabiliza por qualquer uso que possa ser feito desses comentários e por quaisquer conseqüências que deles possam resultar. 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.