Binary Options Weekly Outlook: March 16 – March 20
March 16, 2015 11:30 amVideo
Latest News
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- Analysis of the GBP/USD pair on April 18, 2024 April 18, 2024
- Analysis for EUR/USD pair on April 18th. Dull ending to a dull week April 18, 2024
- USD/JPY: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
- GBP/USD: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
- EUR/USD: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
- GBP/USD: trading plan for the US session on April 18th (analysis of morning deals) April 18, 2024
- Trading Signals for EUR/USD for April 18-20, 2024: buy above 1.0641 (21 SMA – 2/8 Murray) April 18, 2024
- Bitcoin slides ahead of halving event – Crypto News April 18, 2024
- Trading Signals for BITCOIN (BTC/USD) for April 18-20, 2024: buy above $62,500 or $63,037 (4/8 Murray – rebound) April 18, 2024
- GBP/USD. April 18th. Andrew Bailey did not clarify the situation on QE April 18, 2024
- Trading Signals for GOLD (XAU/USD) for April 18-20, 2024: buy above $2,375 (6/8 Murray – 21 SMA) April 18, 2024
- Technical Analysis – Netflix stock moves within narrow range ahead of earnings April 18, 2024
- Technical Analysis – GBPUSD tries to recoup some losses April 18, 2024
- USD/JPY in crisis April 18, 2024
- EUR/USD: trading plan for US session on April 18. EUR gets stuck at 1.0686 April 18, 2024
- Fed to keep policy tight for longer than markets view April 18, 2024
- Technical Analysis – BTCUSD drops to 6-week low as halving looms April 18, 2024
- Midweek Technical Look – EURUSD, US 500, WTI April 18, 2024
- Technical Analysis – AUDJPY pulls back but stays in uptrend April 18, 2024
March 16, 2015 – Weekly News
WEEKLY REPORT 16/3-20/3
EUR/USD
Last week the EUR/USD continued to trade with bearish sentiment as the European Central bank started to increase the money supply with the quantitative easing program. By the end of the week, the pair had lost around 450 pips and reached a new 12- year low of 1.0460. The pair was mainly driven by the weaker Euro as weaker than expected U.S data caused little movement. In addition, the market has already priced in the expectation that the Fed will remove the word ‘patient’ from their statement. This would be very important as Janet Yellen previously signaled that an interest rate hike will be made a few meetings after the stance is dropped.
The FOMC meeting minutes will be released on Wednesday and very high volatility it expected. We should also pay attention to the EU ZEW Economic Sentiment Index which will be released on Tuesday. On Thursday, the EU Economic Bulletin could provide insight about the ECB’s current monetary policy.
GBP/USD
Last week, the GBP/USD traded with bearish sentiment and broke through another important support level which was placed at 1.5000. The pair reached a low of 1.4700 as investors weighed the upcoming FOMC meeting and the possible increase of the U.S interest rate.
This week, we could see more downwards pressure before the FOMC report is released on Wednesday. In addition, the U.K Claimant Count Change will also come out and could negatively influence the British pound as the reading is expected to be worse than last months.
GOLD
Gold slightly decreased and tested its lowest price in 3 months at $1,150/ounce. The price would have dropped further but the stock market has been posting losses resulting in less demand for riskier assets. As a result the price has been trading sideways between $1,147/ounce and $1,165/ounce
This week the price could fall significantly below $1,150/ounce as the FOMC meeting minutes will be released. If the Fed decide to drop the word “patience” the price of gold could test its support level at $1,130/ounce. Trader should also watch the movement of the stocks market.
Economics events (GMT time):
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