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
For more medium term and daily
signals;
Wishing you successful trading J