Comprehensive weekly analysis
For the period between January 25th
– 29th 2016
Previous week:
SUPERB our GBP/AUD has achieved 1000 pips until now and not
finished yet. Also the EUR/JPY gives us about 150 pips, while EUR/USD gives the
most (300 pips). Previous week was so hot; Mario Draghi announcement was quite
explicit and clear. He stated that the current policy need to be amended and
the interest rate will not rise sooner, moreover it is possible to see more
cuts. The target of the ECB is not changed concerning the inflation percent of
2% yearly, also he stated that the low oil prices will affect the inflation
process not on the short term but on the long term.
Next week:
Next week is easier
than the previous one. There are no major events, despite that we have some
important events that effects our trades like he AUD CPI and NZD interest rate
decision, and the most important the FED interest rate on Wednesday, it is
quite anticipated. GBP GDP which could affect our GBP/AUD trade, also the JPY
CPI, EUR CPI. It looks busy but it will have no heavy weights on the price trends.
My best trades for the next week:
1-I am persistent on my previous long term trade GBP/AUD.
2-Also, short EUR/AUD will be a
good chance with TP: 1.5100
3- short EUR/NZD with TP: 1.5950
Good luck :)
www.marketstiam.com
Info@markets titan.com
Good luck :)
www.marketstiam.com
Info@markets titan.com