Skip to main content

Weekly analysisFor the period between october24th – 30th, 2016


 Previous week:

WELL DONE; previous week our trade gained 150 pips and still waiting for more 200pips. Also we had seen a major event, the ECB rate decision. ECB decision itself was not such a surprise but the report accompanying the decision contains some remarkable notes to take into account.
First he stated that we should expect lower interest rates to remain at present or lower levels for an extended period of time, secondly the confirm that the monthly asset purchases of €80 billion are intended to run until the end of March 2017. May be the phrase that agitates the markets when he said that 2017 is expected to be NUTRAL, and The risks to the euro area growth outlook remain tilted to the downside and relate mainly to the external environment. Last, while there are no signs yet of a convincing upward trend in underlying inflation.

Next week:

We have AUD CPI, JPY CPI and unemployment rate, but the most important event for us on Thursday will be UK GDP. We expect better or the same previous GDP, which anyway will help us on our trades.
As every follower knows that our policy is SAFETY, last week we recommend that the EUR/GBP should be closed by the end of the week due to the small retracement that may occur on Monday this week. It you wanna be so careful wait until the GdP release and that is what we recommend. Otherwise look after our new trade.

What will be our trade next week?

EUR/GBP: I have gained 150pips revious week and now I am going on to continue the 350 pips with TP: 0.8650  and   SL:0.9150.
New trade: EUR/JPY: TP:106.20 & SL: 121.70

Good luck for all and happy trading 
For your comments: info@marketstitan.com
      www.marketstitan.com 

Popular posts from this blog

Weekly Comprehensive Analysis For The Period January 29 th – February 3 rd 2017 Previous week US and UK GDP but the most significant event over the past week was the New Zealand CPI, which came over previous months and over expectations. Markets gave to response to the Washington London meeting. On the other hand, we can find that markets gave a bottom for the GBP and buyers started to long short trades. Next Week:           Despite the fact that we are focusing more on the political calendar more than the economic calendar, we don’t ignore it when it comes to the Federal Reserve Bank & Bank of Japan policy statement and interest rates decision.  Fed & BOJ releases are some of punch of news coming next week.  We have also Euro CPI and GDP, US & New Zealand unemployment rate and RBA monetary statement.            So every day in the week we have very st...
Read more

JANUARY 15th – 21th 2017

COMPREHENSIVE WEEKLY ANALYSIS FOR THE PERIOD BETWEEN JANUARY 15 th – 21th 2017 PREVIOUS WEEK:           May be the economic calendar was empty last week; however we have seen a lot of political actions.  At the week opening an announcement released by the UK prime minister about BREXIT, which made the GBP tumbles. Also we have seen the speech by president elect Trump, and how it made the markets get so volatile. By the end of the week we have seen the US PPI number which gives some weights over pushing the dollar higher. NEXT WEEK:           We have some strong events on the economic calendar. EU, UK, Canada and New Zealand CPI, in addition to Australian unemployment rate and china GDP.           On the political agenda we have president elect Donald trump inauguration, which will have very bullish shadows on the stock markets an...
Read more
WEEKLY COMPREHENSIVE ANALYSIS FOR THE PERIOD BETWEEN January 22 nd – 27 th , 2017 Previous week: Tough but nice week. I describe it that way because despite that fact that it holds a lot of talks and volatility, but it makes the picture clearer than the previous 2 months. The main points on Mr. Draghi`s speech was that the interest rates are expected to remain unchanged for long period of time with the probability of decreasing it more. Also the APP program will remain at 80B till March through February, and it will be decreased to 60B till the end of 2017. Finally he said that the economic growth in the euro area still dampened by sluggish pace of implementation of structural reforms in the Euro area. Of course the speech made by Mrs. Yellen before the commonwealth club was very hawkish, and may be that what drives me to say that that week made the view clearer. She put it very well  when she said that she and the all of the other members are expecting interest r...
Read more