Browse Symbol Stacks: EURUSD: Blanks of the trader

Blanks of the trader

Recap

The 2015 got kick-start last week in FX space when Swiss National Bank (SNB) decided to remove 1.2 cap on EUR/CHF triggering panic CHF buying across the board that resulted +15% gain on average against basket of majors. This fear CHF buying created lots of opportunities for the coming weeks ahead.

Weekly Currency Board

Weekly

AUDCAD ▲

AUDCHF ▲

CADJPY ▼

CHFJPY ▼

GBPAUD ▼

GBPJPY ▼

USDCHF ▲

USDCAD ▲

GBPUSD ▼

JPY

Bullish

Shorts CHF/JPY, CAD/JPY, GBP/JPY

AUD

Bullish

Longs AUD/CAD, AUD/CHF ; Short GBP/AUD

CAD

Bearish

Short CAD/JPY; Longs AUD/CAD, USD/CAD

CHF

Bearish

Short  CHF/JPY; Longs AUD/CHF, USD/CHF

EUR

Neutral

No positions

GBP

Bearish 

Shorts GBP/AUD, GBP/JPY, GBP/USD

NZD

Neutral

No positions

USD

Bullish

Long USD/CHF, USD/CAD; Short GBP/USD

Prime Risk Events (UTC time) Monday19 January Japanese industrial production (November, final), 4.30am: Forecasts for -3.8%, lower from its previous level of -0.8% month on month. Market to watch: Nikkei 225   USD/JPY

Japanese Tokyo department store sales (December), 5.30am: Previous level: -1.0% Market to watch: Nikkei 225   USD/JPY

Tuesday ​20 January China GDP (Q4), retail sales, industrial production (December), 2am: Year-on-year figures expected to come in at 7.2%, down from 7.3%. Market to watch: China A50   Hang Seng   USD/JPY   AUD/USD   copper   FTSE 100 mining stocks

German ZEW (January), 10am: Expected to come in at 39.0, up from its previous level of 34.9 month on month. Market to watch: DAX   EUR/USD   EUR/GBP

Wednesday ​21 January Bank of Japan monetary policy statement (January), 12.30am: A recent report revealed the central bank was upbeat regarding Japan’s recent economic performance and expects the economy to continue to improve without any additional stimulus. Market to watch: Nikkei 225   USD/JPY

UK unemployment rate, jobless claims change, average weekly earnings (November), Bank of England minutes (December), 9.30am: Unemployment expected to show a decline to 5.9% from 6.0%.  Claimant count change expected to come in at -24.62 from its previous level of -29.6. Market to watch: GBP/USD   EUR/GBP

US housing starts and building permits (December), 1.30pm: Expectations for housing starts are for an additional 1040k, up from 1028k month on month while building permits are expected to come in at 1054k, up from its previous level of 1035k (revised from 1052k) month on month. Market to watch: US indices, dollar crosses

Reserve Bank of Canada rate decision (January), 3pm: Expectations are for an unchanged level of 1.0% where rates have been since September 2010. Market to watch: USD/CAD

Thursday​22 January European Central Bank rate decision and press conference (January), 12.45pm & 1.30pm: Expectations are for an unchanged rate policy of 0.05%. However, markets may be more interested in the following press conference in a bid to get any further clues as to a decision regarding monetary easing from the ECB. Market to watch: European indices   EUR/USD   EUR/GBP

US initial jobless claims, 1.30pm: Estimates are for 335k from previous level of 316k. Market to watch: US indices, dollar crosses

Friday 23 January China manufacturing PMI (January, preliminary), 1.45am: Previous level: 49.6. Market to watch: China A50   Hang Seng   USD/JPY   AUD/USD   copper   FTSE 100 mining stocks

French, German, eurozone services and manufacturing PMIs (January, preliminary), 8am – 9am: French services data is expected to show a slow down to 48.41 from its previous level of 50.6 and its manufacturing PMI is expected to come in at 47.68, up marginally from 47.5. German data is expected to show an improvement to 51.6 from its previous level of 51.2. Market to watch: EStoxx 50   CAC 40   DAX   EUR/USD   EUR/GBP

UK retail sales (December), 9.30am: Expectations are for a reversal to -0.6% from 1.6% month on month. On a year-on-year basis, expectations are for 3.0% down from 6.4%. Market to watch: EUR/USD   EUR/GBP

US Chicago Federal Reserve national activity index (December), 1.30pm: Market expectations are for a slow down to 0.43 from its previous level of 0.73. Market to watch: US indices, dollar crosses

Canadian CPI (December), retail sales (November), 1.30pm: CPI data is expected to show an improvement to 2.26% from its previous level of 2.1%. Retail sales data is expected to show a pick-up to 0.35% from its previous level of 0.2%. Market to watch: USD/CAD

US manufacturing PMI (January, preliminary), 2.45pm: Preliminary release expected to show 54.0, up from its previous level of 53.9 month on month. Market to watch: US indices, dollar crosses

US existing home sales (December), 3pm: Expectations are for an additional 5.08 million, up from its previous level of 4.93 million month on month. Market to watch: US indices, dollar crosses

GBP/JPY

This pair presents two bearish setups in form of Cypher patterns. This goes inline with current sentiment for both currencies. 

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