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Research is to see what everybody else has seen,
and to think what nobody else has thought.
- Albert Szent-Gyorgyi
Barbara NICODEMOUMarket Analyst

Barbara NICODEMOU

Market Analyst, JFD Brokers

Barbara Nicodemou joined JFD Brokers in 2015 as a Market Analyst for the strategy team at JFD Research.

Barbara focuses on analysis of a range of markets including Forex, Indices and Commodities. Her trading approach of the micro – macroeconomic view of the market in collaboration with the technical analysis, creates a trustworthy overview of the market's bias for medium and long-term investing opportunities.

She holds a Bachelor Degree of Mathematics from the University College of London and a Master's Degree in Business Mathematics at National and Kapodistrian University of Athens in collaboration with the Athens University of Economics and Business.

The greenback picked up from positive data and Yellen’s comments while sterling failed to keep Tuesday's gains. The single currency is looking towards the ECB meeting later in the day while BoC’s decision to keep interest rates on hold dropped the Loonie against majors.

British Pound finally boosted by statements regarding Brexit and strengthening of the economy, recording significant gains against all its counterparts. The U.S. dollar is prone to politics ahead of U.S. CPI release, Fed Yellen's speech and Trump’s inauguration. Meanwhile, euro has been traded choppy and ended the day range bounded.

Tuesday, 17 January 2017 09:02

AUD/USD Surpassed 0.7520 Obstacle

AUDUSDH117012017.png

All eyes on sterling today and the speech of the U.K. Prime Minister Theresa May for Brexit. Despite the downward pressure the upbeat confidence of IMF and U.K.’s bosses bolstered the sterling on Monday and met our suggested target at 1.2120. The buck was broadly weaker while the euro was traded once more out of steam.

The U.S. dollar ended last week very low against all the major currencies, as U.S. President Donald Trump didn’t give enough information for his administration in his speech, as it was broadly expected. The only exception was the British pound which surprised the market this morning with a gap to the downside on speculations that U.K. PM Theresa May will signal a so-called “Hard Brexit” on Tuesday.

Greenback expects Trump’s inauguration next week when potentially he will reveal his infrastructure plans. Though dollar's weakness pushed USD/JPY at a 5-week low and gold above $1,200. Sterling plunges after the announcement that U.K. PM May will give a speech next week on Brexit.

Thursday, 12 January 2017 12:17

USD/JPY Short Term Counter Trend Trade

USDJPYH1_12012017.png

U.S. President Donald Trump’s press conference didn’t give any clues for his policy disappointing the USD traders. The dollar slipped against the G10 basket while gold hit our suggested target at $1,200. The pound experienced a weakness as well from BoE Carney’s statements and slipped against the majors.

Wednesday, 11 January 2017 13:23

WTI Crude Oil Develops Flag Formation

The tendency in the WTI crude oil is still downtrend and perhaps the market participants have already started to pay more attention to the issues and rumors related with oversupply. WTI is forming technical “flag” formation and a break below $51.55 per barrel will confirm the model. In the short-term period, we expect that the downtrend will continue accelerating and potentially the levels from current market price may offer good opportunities for new sales with initial target at $50.70. In the next few days, we may even see more decrease towards $50.00 per barrel. However, the down way movement may be not with such clean movement, but with a lot of market noise and sharp movements.

The price is below the 50, 100 and 200 SMA which is a strong signal for a new possible decline. MACD is below zero line and shows a signal for divergence, but in order to be more significant would be good to have additional confirmation. RSI rebounded from 50 level and declined down to 41.32 signaling for new possible sell-offs. On the other hand, an alternative scenario is WTI to keep trading in strong downtrend channel and only a price breaking over $55.10 per barrel may bring some bullish momentum and sentiment directed towards the key level $56.60.

WTICrudeH1_11012017.png

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