January 2015

Weekly Forex Wrap Up The markets were relatively quiet with the major risk event, being the Greek elections coming off without causing any major shocks to the currency markets. The FOMC was the sole event this week, which saw the Fed…
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Dow Jones: 17300 Equity on trading zone Dow managed to hit zone of 18000-100 last year which provided good zone to re-short-sell market as we advised before as long as market holding trades below 18100 will expect some drop…
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GOLD 1263 Gold on demand as haven market jumped into haven Gold after SNB announced last week the ending of exchange rate cap with Euro which placed demand for haven over short-run while European finance ministers agreed to…
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Oil (H5) 44.90 Oil tumble after OPEC decision with no supply cut Oil prices sustain drop after OPEC meeting where countries agree that no supply cut action Market managed to add more drop pressure after the International Energy…
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USD/JPY: 117.70 Japanese Yen on uptrend wave Short-run market managed to obtain drop correction after testing resistance level of 120.80 market showing ability to sustain the drop correction , where as long as market holding…
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GBP/USD: 1.5085 Pound under drop pressure market managed to fell after ECB announced QE program , while market managed to break below 1.5035 which initiate new downtrend wave that may target 1.4800 as first target market managed…
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EUR/USD 1.1355 Euro tumbled after ُECB Draghi announced bigger QE Euro slump after Mr. Draghi announced bigger than expected quantitative easing which placed new drop pressure over Euro market managed to rebound this week…
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Financial markets seem to evolve in a well-defined system which deeply depends on the evolution of interest rates around the world. Here are the most important pillars of this system: The Danish central bank cut their deposit rates to…
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The advance fourth quarter US GDP is scheduled for released later today during the US trading session. Expectations are high, calling for a 3% GDP growth in the fourth quarter, after a stellar 5% GDP growth rate during the third quarter of…
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Key Forex Afternoon Notes: Australia export prices m/m 0% vs. -1%; import prices m/m 0.9% vs. 1.4% Spain retail sales y/y 6.5% vs. 2.5% German unemployment rate 6.5% Germany CPI m/m -1% vs. -0.8%; CPI y/y -0.3% vs. -0.1% US…
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