The Week Ahead - 8th January
Don't blame me if it goes wrong ;-)

The Week Ahead - 8th January

Patrick Reid Patrick Reid

Patrick Reid

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发布日期: 2017年1月8日
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  • Back on the USD gravy train ? Yes but with caveats. See below for key things rocking my boat:
  • FOMC voting members are now more dovish with 3 new members to the mix. Last weeks minutes highlighted their “uncertainty” 15 times 
  • Trump speaks 11th January so all eyes on this for any details on fiscal stimulus or deregulation plans specifically with The Frank Dodd Act
  • After this look for a feel good factor in USD and equities leading into the Inauguration 20th January 
  • Also, Trumps' tweets are more in focus than ever before
  • Weak USD longs have been taken out by dovish FOMC minutes and trouble in China with outflows of Yuan squeezing EURUSD - The spill over into G5 may reoccur in the coming months. Be aware.
  • USDJPY closed below a nice level 117.20 but the mini fortress is still in tact starting at 118.00 finishing at 118.60
  • EURUSD 1.0500 still in play for buyers but look to see traders in Asia Sunday night trying to break it to the downside. If it opens below in London expect continued weakness  
  • A Call to Trade: USDJPY SELL 118.40 STOP 119.10 TARGET 117.30
  • A Call to Trade: EURUSD SELL break at 1.0490 STOP 1.0530 TARGET 1.0410
  • A Call to Trade: CABLE SELL 1.2290 ADD at 1.2350 and more at 1.2370 STOP 1.2410 TARGET 1.2200

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