The ECB Monetary Policy Meeting Accounts will be released at 14:30 MT on January 16
- The Australian dollar weakened because of the bigger-than-expected unemployment rate figure. On H4, AUD/USD has been targeting the first support at 0.69. A close below this level will provoke a further decline to 0.6870 with a test of 0.6887. RSI and Stochastic Oscillators are in the oversold area, the rise of the pair will be confirmed as soon as RSI crosses the 30 level bottom up and Stochastic oscillator crosses the signal line. In the case of the rebound, the important resistance is located at 0.6933.
- The Swiss franc rose on the Swiss National Bank statement. Although, the central bank kept the interest rate on hold and didn’t provide any hints on a soon increase, comments about the possible weakness of the euro and the USD supported the Swiss currency. As a result, USD/CHF fell. On H4, the pair reached the support at 0.9921 (50-period MA) but rebounded. The first resistance is located at 0.9956, a break above this level will signal a continuation of the upward movement. However, the resistance is strong and we may see a re-test of 0.9921. A break below this level will lift risks of the decline to 0.9888.
- Brent has risen significantly after news about oil tankers being attacked in the Gulf of Oman. Up to now, the oil benchmark has been moving to the first resistance at 63.73 with a test of 63.
We expect the US-China phase one trade deal to be signed on Wednesday and multiple important indicators for the USD. Plus, it is the first week of the earnings reports
The British yearly CPI will be released at 11:30 MT on January 15
Netflix releases its Q4'2019 earnings report on Tuesday at 13:00 MT (11:00 GMT). Are you ready to trade stock on it?
The Bank of Canada (BOC) will release its rate statement alongside the monetary policy report during its meeting on January 22 at 17:00 MT time.
Events in Libya pushed the oil price up. So what's the strategy to benefit from it?