Comprehensive weekly analysis
Jan 11th – 15th,
2016
Previous
week:
I am feeling so happy. We are saying JCONGRATULATIONSJ every week. The GBP/USD pair the
previous week was the best gainer on the non-farm payrolls release event it
drops 80 pips till the end of the day, while EUR/USD begins gaining 80 pips for
couple of minutes, then it give up the gains with extra loss of 50 pips. Same
thing happened with USD/JPY it begins with gaining for couple of minutes then
it gave up its profits plus 50 extra pipsL, AUD/USD ends the day with only 30
pips profit.
Also we saw some weird movements to
the JPY, what was the reason? The reason factually was the Bank of Japan
meeting held in December 18th, when the bank revealed the new policy
for 2016 affective from January 4th. Also we had seen a rising
effect from China`s calendar.
NEXT
WEEK:
We
have a set of important events which will cause us some obstacles in our trades.
Next week we have China`s CPI, PPI and aggregate finances numbers, also we have
the Aussie`s unemployment rate, Bank of England rate decision. It is not expected that the ECB raise the rates
this month since Mark Carney`s direct declarations say that.
How will I
trade next week?
In fact next week I will be so cautious, since the economic
calendar is very heavy. I will be also events trader;
1-
First, I should be patient and
wait till the Australian unemployment rate releases on Thursday. If the unemployment
rate is under expected I will short GBP/AUD with, TP: 2.0260 and SL: 2.1200
2-
Second, if someone would be
some risky he would short the EUR/USD straightaway with TP: 1.0855 and SL:
1.0970 (not recommended)
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Best wishes from MARKETS TITNAN team, and good luck J