Weekly comprehensive analysis
For the period between November 14th
– 18th 2016
Previous week:
WELL DONE, our EUR/GBP short
selling has been achieved with profit around 400 pips.
Previous week we have seen major events, the most
significant event was the US elections, which leaded to the winning of the
Republican Party. Electing a president leads to high liquidity in the markets, not accompanied with too much volatility.
It is important to notice that the BOE was pushing the
currency to low as much as it can before the results, but once the result
released it stops gradually the interfering processes gradually. Which pushed
our EUR/GBP to its target?
Also, we had seen the New Zealand reserve bank cutting
the interest rate. The bank justified that by some reasons the most important
was the uncertainty and the low interest rates of the other countries that kept
the NZD upwards.
Next week:
Next week is going to have is so crowded. Just after
the markets opens we have the JPY GDP, AUD, EUR USD, and CAD CPIs. Moreover; we
have a punch of FED speeches but the star of the week will be Mrs. Yellen
testifying before the congress.
In general we expect the next week to be very liquid
but not volatile.
What will be my trade?
My prefable trade for the next week is the going long with GBP/AUD;
TP: 1.7330
SL: 1.6000
With profit 350 pips.
Good luck J