The U.S. Nonfarm payrolls increase in December was 156,000, below the expectation for 175,000 but it was close to full employment on the whole. A number of FOMC officers addressed hawkish remarks. Besides, some dovish officials unexpectedly indicated that it was not unreasonable for two or three interest rate increase this year. US dollar thus rebounded quickly while other currencies and commodities fell down. The U.S. Retail Sales this Friday is important because consumption takes high proportion in U.S. GDP and Retail Sales can fully reflect it. Before Trump’s inauguration on January 20, bullish momentum for USD is limited but there will not be big move either as some analysts say.
7:00(GMT) German Exports (MoM) (Nov); German Imports (MoM) (Nov); German Industrial Production (MoM) (Nov); German Trade Balance (Nov)
8:15(GMT) Switzerland Retail Sales (YoY) (Nov)
8:30(GMT) Halifax House Price Index (YoY) (Dec); Halifax House Price Index (MoM) (Dec)
9:00(GMT) Italian Monthly Unemployment Rate (Nov)
9:00(GMT) Singapore Foreign Reserves USD (MoM) (Dec)
9:30(GMT) Eurozone Sentix Investor Confidence (Jan)
10:00(GMT) Eurozone Unemployment Rate (Nov)
15:00(GMT) U.S. Employment Trends Index (Dec); Fed Labor Market Conditions Index
15:00(GMT) BoC Business Outlook Survey
According to the 60-minute chart, candlesticks has already been below the short-term MAs. See if the 100-day MA support is valid. MACD is increasing below the zero line. We are mainly call option buyers at every low and put at every high.
Resistance:1.05635 1.06133 Support:1.04980 1.04536
According to the 60-minute chart,candlesticks has been below MAs and now it is bearish trend. MACD is increasing below the zero line. We are therefore mainly put option buyers at every high.
Resistance:1.23074 1.23352 Support: 1.22214 1.21971
According to the 60-minute chart,candlesticks has been above MAs. MACD indicates strong bullish momentum. We are therefore mainly call option buyers at every low.
Resistance:117.744 118.151 Support: 116.947 116.456
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