Buy on a level breakthrough of 1213 with 1232 target. Stop loss = 1200.
Reason for the trading strategy
Over the last week, the number of initial jobless claims in the US rose form 264 thousand to 274 thousand. The growth of this indicator reduces the chances of the US unemployment rate decline from 5.4% to 5.3% in May, and puts pressure on the world's reserve currency. Today, attention should be paid to J. Yellen's economic forecast and the publication of the US consumer price index.
January 20, 2017 Advance in inflation across the Eurozone
Euro holds gains against the US Dollar ahead of the ECB rate decision, as majority of economists expect no major updates in the policy, while investors will be taking stock of Draghi rhetoric’s to foresee the timeframe of the next big move by the policymakers...
January 20, 2017 US oil inventory draw gave a temporally support for oil prices
Oil prices remained in red figures after Wednesday's bearish acceleration. Brent a little changed on the day and remained prone to more weakness on Thursday. The benchmark stayed neutral around 54.50 dollars per barrel flirting with the level during the European session...
January 20, 2017 Pound gives up gains
The British pound has pulled back sharply today after making its biggest 1day gain in nearly 20 years’ yesterday, as fears once again crept in about where Brexit will lead to...
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