Week Ahead December 25 – 29
EURUSD pair closed last week’s trading session higher on mixed economic release from both the EU and the US. From the US side the lower gross domestic product number adding more pressure on future rate cut by the FED and this kept US dollar lower. For the EU side the CPI came out at the same levels showing signs of stabilizing. With all the above said the pair continues trade higher following last week’s FED’s signal on interest rate cuts.
As for this week, traders and investors will be more relax and trade the low volatile. Short weeks ahead of Christmas holidays and new year holidays will highlight the low volatility and the lack of liquidity in the markets. This although, need extra attention as can move prices on either direction without any warning due to the lack of liquidity.
On the economic calendar we have nothing to follow as bank holidays will keep markets muted.
Technically the picture is positive after last week’s close above (61.8%) at 1.1012 In this week’s trading session if pair continues on the upside could test 1.1270 (100%) If resumes on the downside it will retest 1.0960 (61.8%) Our traders are short at 1.0966 (61.8%) targeting profits at 1.0760 We are expecting more aggressive short positions on the way up and new long positions at 1.0860 (50%)
GBPUSD pair closed last week’s trading session marginally higher on mixed economic releases from both sides the US and the UK. The lower than expected gross domestic product from the US added downside pressure on US Dollar as it fueled interest rate cut expectations. Although rally in the pair did not last long as the CPI in the UK came out lower than expectations and this will add pressure on BOE to change their future monetary policy.
As for this week, traders and investors will be more relax and trade the low volatile. Short weeks ahead of Christmas holidays and new year holidays will highlight the low volatility and the lack of liquidity in the markets. This although, need extra attention as can move prices on either direction without any warning due to the lack of liquidity.
On the economic calendar we have nothing to follow as bank holidays will keep markets muted.
Technically the pair’s overall picture is positive after last week’s close just below (61.8%) at 1.2697 As for this week, if pair continues on the upside, a break and close above (61.8%) will accelerate gains and open the road for 1.3126 Alternative, if resumes on the downside, will retest 1.2596 (50%) Our traders stay with short positions at 1.2723 targeting profits at 1.2500. We are expecting more aggressive short sellers above 1.2900 targeting profits at 1.2500 and long positions at 1.2460 targeting profits at 1.2825
更详细的经济日历事件，请访问我们的实时经济日历。
https://tentrade.com/economic-calendar/
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