Good Morning Traders,
Welcome to a new week of fresh market news!
With a lot of market news that hit the headlines last week, the rising dollar, the plummeting crude oil price and the state of the Euro. The week that is lying ahead of us looks filled with a little less in variety.
Bringing out the major currency announcements is the topic of the day. The USA have released the breaking news of retail sales, which will provide us with more knowledge on the behaviors of their consumers, in relation to the strengthening greenback. I am really excited about the up and coming release of the consumer sentiment survey. This is due to inform us on how the ever important month of December performed. This is the month that retail would have influenced the US dollar the most, being the most important month in retail.
There was not much news around Asia last week other than Samsung shares increasing amidst a pretty stable / slightly weakening Yen. There was more of a pull towards the South of the hemisphere in Oz. On Thursday the 15th of January 2015, Australia will be releasing a newsworthy announcement that represents the employment report which could indicate the most significant news flow to look out for this financial week.
As for news in the United Kingdom we will also learn about the CPI, which will be announced on Tuesday 13 January 2015. The vitality of this newsbreak will have been influenced by the drop in the crude oil and will also have an effect on the Eurozone.
Will the crude oil price have an influencing impact on the breaking news of the week? My prediction is that the inflation rate should move to a lower degree this week. Other than that it seems we will have a quiet financial week in the UK.
Speaking of the Eurozone we will know on Wednesday the 14 January 2015, what the European court of justice ruling will be on the validity of the OMT program, and gain more insight into the falling or rise of the Euro in the coming week.
Trading Tip Of The Week:
Always define your trading goals before you begin to trade. Select wisely your style of trading that will marry into these goals.
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