Browse Symbol Stacks: CHFJPY: Blanks of the trader
Blanks of the trader
Coming week looks much lighter on fundamental horizon, with more data coming in only on Wednesday. Last week JPY weakness carried it's momentum with the significant move on NZD/JPY. As it stands now JPY shorts are very much extended over majority of pairs, will be expecting some pullback on GBP/JPY and CHF/JPY this week. Another strong signal for the week is CAD strength in relation to CHF, GBP and AUD.
Weekly Currency BoardAUD
Bearish
Short AUD/CAD
USD
Neutral
No positions
EUR
Neutral
No positions
NZD
Neutral
No positions
GBP
Bearish
Shorts GBP/CAD, GBP/JPY,
CHF
Bearish
Short CHF/JPY; Long CAD/CHF
JPY
Bullish
Short GBP/JPY
CAD
Bullish
Long CAD/CHF; Shorts GBP/CAD, AUD/CAD
Bank of England Inflation Report, 10.30am: If the BoE strikes a dovish tone, indicating that inflation will remain weak, then we could see further weakness in the pound. Conversely, any suggestion that inflation is strengthening could see GBP/USD regain some of its recent losses. Market to watch: GBP/USD EUR/GBP
US crude inventories, 4pm: Last week’s data gave a boost to crude oil, as stocks declined. Further drops in stockpiles would be bullish for US light crude. Market to watch: US light crude
Thursday13 Nov Chinese retail sales, industrial production (October), 5.30am: YoY retail sales are expected to grow at 11.6% for the month, while industrial production edges up to 8.5%. Market to watch: China A50 USD/JPY copper, mining stocksGerman CPI (October), 7am: The MoM figure is expected to be revised to -0.3^%, while the YoY is forecast to hold steady at 0.8%. Market to watch: EUR/USD EUR/GBP
European Central Bank monthly report, 9am: The monthly update from the expert economists at the central bank will provide an insight into their thinking on the current direction of the eurozone economy. Market to watch: EUR/USD EUR/GBP
US initial jobless claims, 1.30pm: The monthly update from the expert economists at the central bank will provide an insight into their thinking on the current direction of the eurozone economy. Market to watch: US indices, dollar crosses
US JOLTS job openings (September), 3pm: This is a survey of all positions that are open, but not filled on the last day of the month. The number has been steadily rising and is expected to see a figure of 4.85 million, from 4.835 million in the preceding month. Market to watch: US indices, dollar crosses
Friday14 Nov French, German GDP (Q3), 6.30-7am: This is a survey of all positions that are open, but not filled on the last day of the month. The number has been steadily rising and is expected to see a figure of 4.85 million, from 4.835 million in the preceding month. Market to watch: DAX Cac 40 EUR/USD EUR/GBPEurozone GDP (Q3), CPI (October), 10am: This is a survey of all positions that are open, but not filled on the last day of the month. The number has been steadily rising and is expected to see a figure of 4.85 million, from 4.835 million in the preceding month. Market to watch: EStoxx 50 EUR/USD EUR/GBP
US retail sales (October), 1.30pm: Retail sales are always a useful gauge of how well the US recovery is doing, since consumer spending is such a large part of the economy. YoY growth is expected to accelerate to 6.1%, from a previous 4.3%, with the MoM figure bouncing back to 0.2% growth from -0.3%. Market to watch: US indices, dollar crosses
US University of Michigan consumer confidence index (November, preliminary), 2.55pm: In a similar vein the Michigan index will aid analysis of whether the US economy is on track. The index is expected to rise to an initial estimate of 87.5, from 86.9 at the end of October. Further revisions will follow later in November. Market to watch: US indices, dollar crosses
CAD/CHFHave a good one traders and click the button below if you choose to contribute to further development of this blog.
Comments
No comments yet.