The ECB Monetary Policy Meeting Accounts will be released at 14:30 MT on January 16
Market updates on August 29
US preliminary GDP – 15:30 MT (12:30 GMT) time
- After correcting to the 1-2235-1.2249 levels on H4, GBP/USD moved lower. The cable has tested the ground below the 50-period SMA at the 1.2194 level. If this level is broken, the next support in focus will be placed at 1.2171. In case of an upside movement, we will be looking for a retest of the 1.2213 level. After that, the retest of the levels placed between 1.2235 and 1.2249 will be in focus.
- EUR/USD has been trading between 1.1073 and 1.1086 levels. If the USD gets stronger on today’s release, the pair will slide below the 1.1073 level. The next support for the pair will be placed at 1.1065. The further downward movement will be limited by the lower border of a long-term symmetric triangle. On the other hand, bulls will pay attention to the 1.1086 level. If it is broken, the next resistance level will lie at 1.1095 (50-period SMA).
- USD/JPY is looking for a break of 50-period SMA and 106.22 level on the more risky sentiment. Buyers may focus on the next level at 106.4 if the current resistance is broken. The next key level will lie at 106.6. From the downside, the first support level will be placed at 105.82. The break of this level will make the pair vulnerable to a fall towards the 105.64-105.51 levels.
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?