EURJPY: consolidation before the publication of the second assessment of euro zone's GDP

February 13, 2015

EURJPY

Buy on a level breakthrough of 135.89 with 136.67 target. Stop loss = 135.30.

Reason for the trading strategy

This afternoon, the data on the trade balance and the second estimate of GDP in the euro zone will be published. It is expected that the first index in December will grow from 20 billion to 21.3 billion euros, and the GDP growth rate in Q4 2014 will remain at 0.2% (q/q). We believe the statistics will support the pair EUR/JPY.

EURUSD, H4

Publication source
EXNESS information  EXNESS reviews

January 17, 2017
Oil spikes higher on Saudi Oil minister comments
Oil has spiked higher on Al Falih comments in Davos (Saudi oil minister). He said during a panel discussion at WEF in Davos that there will be inflation in the cost of doing business in the oil industry, following the squeeze that accompanied the decline in crude prices...
January 16, 2017
GBP under pressure ahead of May speech
A speech from Theresa May is one of the key events for financial markets this week and certainly the most relevant for the British pound. Primie Minister is about to deliver a speech on UK’s stance and conditions ahead of the triggering article 50 and beginning the Brexit negotiations...
January 13, 2017
Yellen (Fed) with a neutral message but USD starts to fight back
USD was taking damage from the Wednesday Donald Trump specch until yesterday evening. Lack of details on economic and fiscal agenda at the first press conference of the president-elect caused a correction on equities boosted since the US elections...

Grand Capital Rating
EXNESS Rating
Fort Financial Services Rating
 FXTM Rating
Vantage FX Rating
Larson&Holz IT Ltd Rating

365BinaryOption Rating
EZTrader Rating
OptionBit Rating
TropicalTrade Rating
Banc De Binary Rating
OptionRally Rating