12.12.2022 14:17

Target levels and forecast for the week 12.12 16.12

Dear Clients and Partners!

Target levels and forecast for the week 12.12  16.12Recall the fundamental events that you need to pay attention to (GMT 0 time):Tue, 13GBP: Unemployment Rate (07:00); BoE Financial Report (10:30); Bailey Speaks (11:00)USD: OPEC Monthly Report (12:00); CPI (13:30); API Weekly Crude Oil Stock (21:30)Wed, 14GBP: CPI, PPI Input (07:00)EUR: Industrial Production (10:00)USD: IEA Monthly Report (09:00); Crude Oil Inventories (+Cushing) (15:30); FOMC meeting, Interest Rate Decision (19:00); Press Conference (19:30)NZD: GDP (21:45)Thu, 15AUD: Employment Change (00:30)CNY: Industrial Production, NBS Press Conference (02:00)EUR: EU Leaders Summit (10:00); ECB meeting, Interest Rate Decision (13:15); Press Conference (13:30); Lagarde Speaks (15:15)GBP: BoE meeting, Interest Rate Decision (12:00)USD: Initial Jobless Claims (13:30); Industrial Production (14:15)Fri, 16GBP: Manufacturing, Services PMI (09:30);EUR: Manufacturing, Services PMI (09:00); CPI ( (10:00)USD: Manufacturing, Services PMI (14:45)For more news  see Economic Calendar.EUR/USDFor steady growth, we need a retest of the 1.04 zone and an active positive foundation. A reversal to the sell zone is possible after the breakdown of the protection zone 1.0180 1.0150.GBP/USDThe technical priority of the bulls is created by speculators and fundamental factors are not supported. For active growth, a breakdown of the strong protection zone of 1.25 is needed. A confident turn down is possible after the closing of options in the zone 1.2150 1.1950.USD/JPYThe bears' priority is weak, but there are no factors for a steady growth either. Above the zone, volumes are accumulated for speculation after the Fed meeting. An upward reversal is possible after a confident breakdown of the option zone of 140 and above.XTI/USDBalance of volumes is shifted to the sales zone and there are no factors for a reversal upwards yet. A technical correction for 5-7 figures is needed, but this will not affect the main trend.Profits to yall!

Sincerely yours,
ForexChief Team