Binary Options Weekly Outlook: December 29 – January 2
December 29, 2014 12:40 pmVideo
Latest News
- GBP/USD. Correction or trend reversal? April 18, 2024
- The FOMC will not lower rates in 2024 April 18, 2024
- Powell made a bold point, and Bailey did not report anything important April 18, 2024
- Will the euro take a risk? April 18, 2024
- Trading Signals for GOLD (XAU/USD) for April 17-19, 2024: sell below $2,400 (21 SMA – double top) April 17, 2024
- Technical Analysis – GBPCAD hits a wall but bulls not ready to give up April 17, 2024
- Trading Signals for Ethereum (ETH/USD) for April 17-19, 2024: sell below $3,125 (21 SMA – 2/8 Murray) April 17, 2024
- Analysis for the EUR/USD pair on April 17th. Jerome Powell didn’t help the dollar much April 17, 2024
- Analysis for GBP/USD pair on April 17th. British inflation overtakes American inflation April 17, 2024
- USD/JPY: Simple Trading tips for novice traders on April 17th (US session) April 17, 2024
- GBP/USD: Simple trading tips for novice traders on April 17th (US session) April 17, 2024
- EUR/USD: Simple trading tips for novice traders on April 17th (US session) April 17, 2024
- GBP/USD: trading plan for the US session on April 17th (analysis of morning deals) April 17, 2024
- Technical Analysis – EURUSD takes a breather after sharp tumble April 17, 2024
- Market continues to price in a plethora of rate cuts for 2024 – Special Report April 17, 2024
- EUR/USD: trading plan for the US session on April 17th (analysis of morning deals) April 17, 2024
- Technical Analysis – EURGBP maintains bearish bias amid pennant formation April 17, 2024
- EUR/USD. April 17th. Jerome Powell supports the dollar April 17, 2024
- GBP/USD. April 17th. Inflation in Britain is falling, but not as much as the market wants April 17, 2024
- Tesla Q1 Earnings: Poor deliveries point to disappointing results – Stock Markets April 17, 2024
December 29, 2014 – Weekly News
EUR/USD
Despite low volatility, the EUR/USD slightly decreased to a two and a half year low of 1.2165. The drop was caused by unexpectedly strong U.S GDP which showed a 5% increase instead of an expected 4.3%. A price correction was seen but the pair finished the week below 1.2200. On Sunday, a German Economic expert, Christoph Schmidt, argued that there is “no need for the ECB to buy sovereign bonds”, as traders have already priced in additional stimulus, any news contrary to this could pull the pair up.
Volatility should remain low this week due to New Year’s celebrations. Today, traders should watch a third round of elections in Greece, if voters fail to elect a new President we could see the Euro fall. The U.S. CB Consumer Confidence index will be released on Tuesday and the ISM Manufacturing PMI on Friday.
USD/JPY
Following positive U.S Final GDP data, the USD/JPY climbed back above 120 on Tuesday. The pair corrected its previous sharp climb to 115.5 which was caused by uncertainty over the Russian Ruble. The Governor of the Bank of Japan, Kuroda, spoke last week and asked companies to increase next year’s wages by 2% to help achieve the target inflation rate. If successful this would raise the economic outlook.
This week, we should expect low volatility. The Japanese market will only be open for two days and will then close for holiday celebrations.
Gold
Gold provided great trading opportunities last week. On Monday, the price sharply fell from $1,203/ounce to $1,170/ounce and traded sideways until Friday. We then saw a sharp upwards movement pushing the price near $1,200/ounce following news that the Chinese bank may loosen its policy for lending money. Political and economic instability has recently increased volatility for the metal but as the Russian Ruble stabilized demand for the metal declined.
This week we could see the price break through $1,200/ounce as there was another aircraft disaster in Asia. On the other side, the U.S. stock market reached record highs again, cutting demand for safe haven assets.
30/12/2014
31/12/2014
01/01/2015
02/01/2015
Related Posts: