The ECB Monetary Policy Meeting Accounts will be released at 14:30 MT on January 16
Risk-off sentiment pushes safe-havens up
The comment by the US President Donald Trump resulted in the sell-off of the risk-weighted currencies in the market today and an increase of inflows into the safe-haven assets. Of course, those actions were provoked by Trump's suggestion that the US-China trade deal seems unlikely to be reached until the next year's elections.
- USD/JPY has slid below the 200-period SMA and managed to stick below the ascending trendline on H4. If bulls want to push the pair within the uptrend, they will need gear to test the 108.8 level (200-period SMA). If this level is broken, buyers will push the pair higher to the 109.01 level. The key targets from the downside lie at 108.65 and 108.5.
USD/CHF has broken the ascending trendline on H4 and has been moving towards November’s support at 0.9872. After the breakout, bears need to pay attention to the 0.9850 level. As the RSI and stochastic oscillators are oversold, we may suggest that bulls may try to push the pair above the uptrend and test the 0.9896 level. The breakout of this level may push the pair higher to 0.9909.
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
Events in Libya pushed the oil price up. So what's the strategy to benefit from it?
This week will bring us central bank statements and important economic indicators related to the main currency pairs. Read on to see which ones will be affected.
You are still in doubt whether it makes sense to trade stocks? Watch this.