Weekly Economic #Calendar

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Weekly Economic Calendar (GMT+2)

The crucial announcements for this week are the following:

Tuesday 14 February 2017

Chinese inflation report at 03:30

Japanese industrial production at 06:30

German GDP report at 09:00

Switzerland’s inflation report at 10:15

U. K’s inflation report at 11:30

German ZEW economic sentiment at 12:00

Eurozone’s GDP report at 12:00

USA’s PPI report at 15:30

Janet Yellen (Chairwoman of federal reserve system) testimony at 17:00

Wednesday 15 February 2017

U. K’s employment report at 11:30

Eurozone’s trade balance report at 12:00

USA’s inflation + retail sales reports at 15:30

USA’s industrial production at 16:15

Janet Yellen (chairwoman of federal reserve system) testimony at 17:00

Crude Oil inventories at 17:30

Thursday 16 February 2017

Australian labour market report at 02:30

ECB publishes account of monetary policy meeting at 14:30

Building permits at 15:30

Initial jobless claims at 15:30

Philadelphia FED manufacturing index at 15:30

New Zealand’s retail sales report at 23:45

Friday 17 February 2017

U. K’s retail sales report at 11:30

CHARTING

The crucial points are:

 

1

the chart of EUR/USD, the rising channel that we had traced in the previous analysis was broken fiercely, with the price closing lower than 1.07300 level. The strengthening of the dollar could be due to speculations that president Trump will apply his fiscal policy of cutting taxes and increasing infrastructure spending. The price is likely to meet some support at 1.06300 level, as there were a couple of failed attempts on Friday and today to breach it.

Charting outcome: Neutral – Marginally bearish

INDICATORS (computerized T.A)

The crucial points are:

 

2

 

3

 

he indicators are not providing a clear message about what direction the trend may follow. The moving averages have added bearishness in their slopes, while the balance between the negative and the positive dynamic have negatively changed. The trend dynamic has increased by +23.57%, whilst the market’s volatility has marginally decreased by -7.95%. Finally, the oscillators have passed into marginally oversold levels.

Indicators outcome: Neutral – Marginally bearish       

CONCLUSION

Both indicators and charting seem to confirm that the market is possible to follow the neutral path. However, there are arguments suggesting the continuation of the marginally bearish path. Should the price break lower than 1.06300 level, the next support could occur at 1.05200 level. On the contrary, if the price appreciates higher than 1.07300 level, the price will find the next resistance at 1.08600 level.

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