Previous week:
We have seen a consalidative week thus everybody was waiting for the Fed to raise the rates to break out USD buying rally. as we have seen the Fed didnt pull the trigger yet.
Technically we can find the pairs stopping in resistant or supportive levelsthat add more fog to the vapor arising from the fundamental calender.
Current stuition:
It is not a secret that all central banks polucy is to reach 2% inflation so that they can raise the rates. If we looked for every country's data we will find the following;
USA despite the enhanced employment situation, the CPI is 0.2, from 1.3 from the same tine in 2014, besides frustrating GDP, it will be a time wasting if we expected higher interests in december.
EU has the same picture, dramatic drop in the unemployment which is the lowest since 2012, besidesHICP 0.1 compared to0.3 same time previous week.
Same picture in the UK Japan Swiss and Canada only AUSSI can have a little bit higher than the others with 0.4 inflationand 2.75 interests. But nothing has worth picture than the swiss which has a dramatic deflation for continous year goes to -1.4.
Next week strategy:
Since it will be volatile month i will make it narrow as much as i can and i would risk by two trades only
1. EURUSD short to 1.38 extension at 1.0141
2. AUSJPY LONG retracement to 5.0 at 92.10
Markets-titan@financier.com