Browse Symbol Stacks: EURUSD: Blanks of the trader
Blanks of the trader
The 2015 got kick-start last week in FX space when Swiss National Bank (SNB) decided to remove 1.2 cap on EUR/CHF triggering panic CHF buying across the board that resulted +15% gain on average against basket of majors. This fear CHF buying created lots of opportunities for the coming weeks ahead.
Weekly Currency BoardWeekly
AUDCAD ▲
AUDCHF ▲
CADJPY ▼
CHFJPY ▼
GBPAUD ▼
GBPJPY ▼
USDCHF ▲
USDCAD ▲
GBPUSD ▼
JPY
Bullish
Shorts CHF/JPY, CAD/JPY, GBP/JPY
AUD
Bullish
Longs AUD/CAD, AUD/CHF ; Short GBP/AUD
CAD
Bearish
Short CAD/JPY; Longs AUD/CAD, USD/CAD
CHF
Bearish
Short CHF/JPY; Longs AUD/CHF, USD/CHF
EUR
Neutral
No positions
GBP
Bearish
Shorts GBP/AUD, GBP/JPY, GBP/USD
NZD
Neutral
No positions
USD
Bullish
Long USD/CHF, USD/CAD; Short GBP/USD
Japanese Tokyo department store sales (December), 5.30am: Previous level: -1.0% Market to watch: Nikkei 225 USD/JPY
Tuesday 20 January China GDP (Q4), retail sales, industrial production (December), 2am: Year-on-year figures expected to come in at 7.2%, down from 7.3%. Market to watch: China A50 Hang Seng USD/JPY AUD/USD copper FTSE 100 mining stocksGerman ZEW (January), 10am: Expected to come in at 39.0, up from its previous level of 34.9 month on month. Market to watch: DAX EUR/USD EUR/GBP
Wednesday 21 January Bank of Japan monetary policy statement (January), 12.30am: A recent report revealed the central bank was upbeat regarding Japan’s recent economic performance and expects the economy to continue to improve without any additional stimulus. Market to watch: Nikkei 225 USD/JPYUK unemployment rate, jobless claims change, average weekly earnings (November), Bank of England minutes (December), 9.30am: Unemployment expected to show a decline to 5.9% from 6.0%. Claimant count change expected to come in at -24.62 from its previous level of -29.6. Market to watch: GBP/USD EUR/GBP
US housing starts and building permits (December), 1.30pm: Expectations for housing starts are for an additional 1040k, up from 1028k month on month while building permits are expected to come in at 1054k, up from its previous level of 1035k (revised from 1052k) month on month. Market to watch: US indices, dollar crosses
Reserve Bank of Canada rate decision (January), 3pm: Expectations are for an unchanged level of 1.0% where rates have been since September 2010. Market to watch: USD/CAD
Thursday22 January European Central Bank rate decision and press conference (January), 12.45pm & 1.30pm: Expectations are for an unchanged rate policy of 0.05%. However, markets may be more interested in the following press conference in a bid to get any further clues as to a decision regarding monetary easing from the ECB. Market to watch: European indices EUR/USD EUR/GBPUS initial jobless claims, 1.30pm: Estimates are for 335k from previous level of 316k. Market to watch: US indices, dollar crosses
Friday 23 January China manufacturing PMI (January, preliminary), 1.45am: Previous level: 49.6. Market to watch: China A50 Hang Seng USD/JPY AUD/USD copper FTSE 100 mining stocksFrench, German, eurozone services and manufacturing PMIs (January, preliminary), 8am – 9am: French services data is expected to show a slow down to 48.41 from its previous level of 50.6 and its manufacturing PMI is expected to come in at 47.68, up marginally from 47.5. German data is expected to show an improvement to 51.6 from its previous level of 51.2. Market to watch: EStoxx 50 CAC 40 DAX EUR/USD EUR/GBP
UK retail sales (December), 9.30am: Expectations are for a reversal to -0.6% from 1.6% month on month. On a year-on-year basis, expectations are for 3.0% down from 6.4%. Market to watch: EUR/USD EUR/GBP
US Chicago Federal Reserve national activity index (December), 1.30pm: Market expectations are for a slow down to 0.43 from its previous level of 0.73. Market to watch: US indices, dollar crosses
Canadian CPI (December), retail sales (November), 1.30pm: CPI data is expected to show an improvement to 2.26% from its previous level of 2.1%. Retail sales data is expected to show a pick-up to 0.35% from its previous level of 0.2%. Market to watch: USD/CAD
US manufacturing PMI (January, preliminary), 2.45pm: Preliminary release expected to show 54.0, up from its previous level of 53.9 month on month. Market to watch: US indices, dollar crosses
US existing home sales (December), 3pm: Expectations are for an additional 5.08 million, up from its previous level of 4.93 million month on month. Market to watch: US indices, dollar crosses
GBP/JPYThis pair presents two bearish setups in form of Cypher patterns. This goes inline with current sentiment for both currencies.
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