Browse Symbol Stacks: NZDCHF: Blanks of the trader

Blanks of the trader

Content added from mofutures.blogspot.com
Recap

Going into last part of the year, coming week may be not the busiest one in terms of number of risk events on the horizon due to thanksgiving holidays in US. Despite that many pairs are firing signals particularly EUR shorts and NZD longs look very promising on the balance for the week.

  Weekly Currency Board

AUD

Bullish

Shorts EUR/AUD, GBP/AUD

USD

Neutral

No positions

EUR

Bearish

Shorts EUR/AUD, EUR/JPY, EUR/NZD, EUR/CAD

NZD

Bullish

Long NZD/CHF; Shorts EUR/NZD, GBP/NZD

GBP

Bearish

Shorts GBP/AUD, GBP/NZD, GBP/CAD

CHF

Bearish

Shorts CHF/JPY, CAD/CHF; Long NZD/CHF

JPY

Bullish

Shorts CHF/JPY, EUR/JPY

CAD

Bullish

Long CAD/CHF; Shorts GBP/CAD, EUR/CAD

Prime Risk Events (UTC time)   Monday 24 Nov German IFO (November), 9am: Having seen the ZEW rebound last week, all eyes will be on a good number here. Forecasts are however suggesting a move from 103.2 to 102.37. Market to watch: DAX   Spot FX EUR/USD   Spot FX EUR/GBP

Chicago Fed Index (October), 1.30pm: This is expected to weaken to 0.23 from the previous 0.47. Market to watch: US indices, dollar crosses

US services PMI (November, preliminary), 2.45pm: Further bad news is forecast here, with the number expected to drop to 56.9 from 57.1. Market to watch: US indices, dollar crosses

Tuesday 25 Nov German GDP (Q3, final), 7am: With all the data now available, the forecast is for quarter-to-quarter growth to move from -0.1% to 0.1%, while the year-on-year number rises to 1.2% from 1%. Market to watch: DAX   Spot FX EUR/USD   Spot FX EUR/GBP

US GDP (Q3, second reading), 1.30pm: The second QoQ estimate is expected to move down to 3.3% from 3.5%. Market to watch: US indices, dollar crosses

Case-Shiller home price index (September), 2pm: YoY growth is forecast to be 5.6%, as the rebound in home prices continues. Market to watch: US indices, dollar crosses

US consumer confidence (November), 3pm: The November figure is expected to rise to 94.9 from 94.5. Market to watch: US indices, dollar crosses

Wednesday 26 Nov UK GDP (Q3, second reading), 9.30am: Forecasts are for the number to hold steady at 0.7% QoQ and 3% YoY. Market to watch: Spot FX GBP/USD   Spot FX EUR/GBP

US durable goods orders (Oct), initial jobless claims, 1.30pm: Durable goods orders are estimated to have shrunk by 0.5%, although excluding transportation are forecast to have risen by 0.4%, after September figures of -1.3% and -0.2% respectively. Meanwhile jobless claims were 291,000 last week. Market to watch: US indices, dollar crosses

Chicago PMI (November), Michigan confidence index (November, final), pending home sales, 2.45-3pm: The US data barrage continues, with the Chicago PMI expected to fall to 63 from 66.2, while the final confidence reading for November is revised up to 90 from 89.4, with pending home sales expected to increase 0.5% MoM from 0.3% in September. Market to watch: US indices, dollar crosses

EIA crude inventories, 3.30pm: Stocks of WTI are expected to rise to 3.1 million from 2.61 million. Market to watch: US light crude

Thursday 27 Nov German unemployment (November), 8.55am: The number is expected to fall by 5,000, from a 22,000 drop last month, while the rate stays unchanged at 6.7%. Market to watch: DAX   Spot FX EUR/USD   Spot FX EUR/GBP

German CPI (November, preliminary), 1pm: Price growth in Germany is expected to be 0.0% MoM (from -0.3%) and 0.6% YoY (from 0.8%). Market to watch: DAX   Spot FX EUR/USD   Spot FX EUR/GBP

Japanese CPI (October), 11.30pm: Price growth YoY is expected to be 3% for nation as a whole, from 3.2% last month. Market to watch: Spot FX USD/JPY

Friday 28 Nov Eurozone CPI (November), unemployment (October), 10am: The first estimate of price growth is expected to be 0.3% for the month, while the unemployment rate stays at 11.5%. Market to watch: Estoxx 50   Spot FX EUR/USD Spot FX EUR/GBP

Canadian GDP (Q3), 1.30pm: The Q2 figure was 2.2% YoY, with any improvement likely to be bullish for the Canadian dollar. Market to watch: Spot FX USD/CAD

 CAD/CHF

This pair made moderate gains in recent week and seem to be setting up for bullish acceleration. Bullish pattern below may be good place for long entry if anticipated move will persist.  

Have a good one traders and click the button below if you choose to contribute to further development of this blog.

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