Week Ahead January 13th – 17th
EURUSD pair closed last week’s trading session lower on better than expected US non-farm payrolls. The pair traded steady during last week’s trading session with the EU inflation steady at 2.7%. By the end of the week, after the release of the US non-farm payrolls, pair decline on multi years lower level as the strong labour market will keep FED’s interest rates unchanged for now. During FOMC minutes, there was no change on the FED’s policy so the minutes were taken easy by markets without any unexpected price action.
As for this week, traders and investors will mainly focus on the Inflation numbers from the US and EU and the speeches from both FED’s and ECB’s officials. Trading is expected to remain volatile as markets will continue pricing in central banks’ officials’ comments.
On the economic calendar we have on Tuesday, the US PPI pointing lower at 3.2% On Wednesday, US consumer price index expected to remain unchanged at 0.3% On Thursday, German Harmonized index of consumer prices steady at 2.8% US retail sales pointing lower at 0.5%
Technically the picture is negative after last week’s lower close at (0%) at 1.0238 In this week’s trading session if pair trades on the upside will test 1.0386 (23.6%) If trades on the downside will test 1.0100 Our traders are net long with positions between 1.0767 – 1.0238 targeting profits above 1.1000 We are expecting new short positions above 1.0913 and more aggressive long positions on the way down.
GBPUSD pair closed last week’s trading session lower on UK increasing borrowing cost and the government struggle to cover unprecedented deficit. With the government’s chancellor Reeves introducing new cuts on government’s spending and the threads of new US President Trump on tariffs, the pair suffered huge losses closing on multiyear lower level. By the end of the week the better than expected US nonfarm payroll added more downside pressure on the pair as markets are now pricing the FED’s future interest rate decisions.
As for this week, traders and investors will mainly focus on the CPI numbers from both the US and the UK. FED’s and BOE’s officials’ speeches and heavy economic calendar will increase volatility in the pair during this week’s trading session.
On the economic calendar we have on Tuesday, the US PPI pointing lower at 3.2% On Wednesday, UK CPI expected lower at 3.4% and US CPI expected to remain unchanged at 0.3% On Thursday, UK gross domestic product expected higher at 0.2% US retail sales pointing lower at 0.5% On Friday, UK Retail sales expected higher at 0.4%
Technically the pair’s overall picture is negative after last week’s lower close on (0%) at 1.2200 As for this week, if pair trades on the upside, will test 1.2400 (23.6%) Alternative, if trades on the downside, will test 1.2100 Our traders are net long between 1.3038 and 1.2215 targeting profits above 1.3038 We are expecting new short positions above 1.2700 and more aggressive long positions on the way down.
Para eventos mais detalhados do calendário econômico, por favor, visite nosso calendário econômico ao vivo em:
https://tentrade.com/economic-calendar/
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