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Showing posts from January 8, 2017

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...

January 8th – 13th 2017

Weekly comprehensive analysis For the period between January 8 th – 13 th 2017 Happy New Year J , we apologize for the previous period cut off. It was deliberately due to the case of uncertainty and low volume trading by the end of the year. Previous week: Previous week was quit week, although it holds the US unemployment rate. Volumes and volatility were unexpectedly low. We have seen a significant bullish movement on the EUR USD pair on Thursday resulted by the expectation of low numbers on Friday.  Despite the bad employment numbers issued on Friday, the EUR/USD moved bearishly due to 2 reasons. Firstly; Friday the congress convenes certify elections results, which for sure pushed the USD higher. Secondly; the oil prices tend to retreat this day. Other important event occurred week which is the FOMC meeting minutes. The most highlighted points in that meeting are; the economic projections of the FED board of members & FED presidents the GDP won't be more th...