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December 5th - December 10th

WEEKLY COMPREHENSIVE ANALYSIS
For the period between December 5th - December 10th

Previous week:
                We have seen two major events (the OPEC production cuts and the US employment numbers). Despite the excellent unemployment rate and nonfarm numbers, the dollar didn’t rally.  The declared reason for that in the economic news channels is that the average hourly earnings came underestimated numbers because that won't lead to inflation, but I see that as ambiguous since the unemployment had dropped dramatically.

Next week:
                Next week is quite complicated week, since we have the UK court hears the government appeal for the judgment issued earlier in late October, concerning the right of the government to trigger the article 50 without the approval of the parliament. So any piece of news may affect the GBP or EUR pairs. Also we have RBA rate decision and GDP,  and we have  the EURO rate decision.
Also we have the Japan assets buying reports which we are observing it carefully. The Italian referendum which will release its results four days later. It seems so busy week!!!!

What will be my trade?
I will pause the GBP/AUd next week with steady postion if we received week data from Australia, otherwise, also I am continuing with CAD/CHF.  But now trade I am back to EUR/GBP short trade; with TP1: 0.8370 , TP2: 0.8050 & SL:0.8600.
Good luck and happy tradingJ
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