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JANUARY 15th – 21th 2017

COMPREHENSIVE WEEKLY ANALYSIS
FOR THE PERIOD BETWEEN JANUARY 15th – 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 and its appurtenances on the FX market.

WHAT WILL BE MY TRADE NEXT WEEK?
          Previous week gave us much more certainty about how it will move (or how it would like us to push).        
          The reason that makes me hold in the NZD/CHF is that the MFI giving us a harmonies relationship between the two currencies. Trade with TP: 0.6750 SL: 0.7400.
          GBP/NZD short will be my other trade for this week. I can see it is very prominent pair TP: 1.6300 – SL: 1.8500
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Wishing you successful trading J

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