+1 (866)-882-6854
+ 44 203-807-1675
17:11:37 GMT
Black & White


OIL-APR17 (BRENT) 56.090 17:10 24.02
GENERAL MOTORS 37.125 17:10 24.02
JP MORGAN CHASE 89.995 17:10 24.02
PFIZER 34.155 17:10 24.02
MASTERCARD 110.400 17:10 24.02
WAL-MART 72.7450 17:10 24.02
McDONALD'S 128.385 17:10 24.02
DOW 20767.61 17:10 24.02
S&P 500 2359.770 17:10 24.02
GOLD/EUR 1187.155 17:10 24.02
COFFEE-MAR17 143.7250 17:10 24.02
SUGAR (11)-MAR17 19.7850 17:10 24.02
SILVER 18.386 17:10 24.02
We apologize for the inconvenience, registration from your state is disallowed.
By: Daniel Gant
January 27th 2014 14:00pm GMT, London UK

Last week the EUR/USD pair had been moving sideways for first 3 days but on Thursday with strong European data and weak American data the pair jumped from 1.3540 level to almost 1.3700 level. The pair tried to climb more on Friday but lost momentum and currently is ranging around 1.3680. This week should be better for trading because of many important economic events. On Monday the traders should pay attention to German Ifo Business Climate which is expected to show growing pattern. On Tuesday the U.S. Core Durable Goods and CB Consumer Confidence will be released. On Wednesday all the analysts and traders will watch the FOMC statement where we expect another tapering of monetary stimulus. On Thursday the major event will be release of U.S. Advance GDP which is predicted to show 3.2% growth.

Two weeks ago the USD/JPY pair touched last week its lowest price in 4 weeks and rebounded on 102.90 support back up to 104.80. Last week we saw similar situation when the pair strongly slid from 104.80 to 103.00 and then went down even lower to 101.80. The pair reacted on weaker U.S. data and soft performance of U.S. stocks market. The pair already reversed its bearish movement and may pick up this week if the U.S. economic data supports Dollar as well as if FOMC continues to reduce its quantitative easing program. Except of that we should pay attention to Japanese Retail Sales data which will be released on Wednesday. Also on Thursday will be announced very important data when the Japanese CPI will come out.

Last week the GBP/USD continued its sharp movement up supported by good U.K. economic data. The pair rose all the way to 1.6650 which is the highest price since May 2011 when the price peaked to 1.6750. However, on Friday the pair reacted negatively on the Mark Carney’s speech where he said that BoE will wait for long term recovery before policy tightens. The price is currently ranging around 1.6500. Except of the U.S. data we should watch this week the U.K. GDP which will be released on Tuesday. The forecast is to see 0.8% growth that means the same figure as last time in October. Any stronger result will pull the pair up.

Last week the price of Gold first declined to $1,232 an ounce but with weaker U.S. Dollar and softer stock market data the price increased to $1,278/ounce. That’s the highest price since November. The bullish sentiment has already changed to slightly bearish and the price decreased to $1,268 an ounce. This week the major event for gold is the Wednesday FOMC statement. Last time (in December) when FOMC started tapering of the $85 billion/month stimulus by $10 billion/moth, the price of Gold dropped to $1,187/ounce within one day. Therefore we should be careful with any buying position and wait for the statement to come.

Share Button
Daniel Gant
Follow Me

Daniel Gant

Broker at GOptions
My strategies have been maintained and reworked for the last four years. Win loss accuracy and a stable method of volume production has insured my clients inside my personal portfolio success, not to mention the education, guides and management sessions that I teach daily.

I am not guaranteeing you success, but i am guaranteeing you that i will be providing you with my knowledge, training, time, strategies, technical analysis, fundamental analysis and all the tools that you will need to have a successful trading account.
Daniel Gant
Follow Me

Latest posts by Daniel Gant (see all)

Start Trading with the most professional mobile platform, always on the GO
Play StoreApp Store