Daily Analysis from FX77, Jan 15, 2015

FX:SPX500   S&P 500 Index

According to the statistics released by United States Department of Commerce on Wednesday, the retail selling rates in December has slipped by 09.% which is 0.1% lower then the market expectation and 0.7% lower than in November. With the holiday season coming to an end, consumers might have tighten the purse string a little. Here are the technical analysis on two mainstay trading assets.

Let’s focus on the support position 1.1750/1.1730 and the resistance 1.1800/1.1820. For those who are in arush, it might be applicable to choose Call at support position.

So far the unemployment number is looking good, so there is going to be a retracement in the short run. The resistance is at 0.8220/0.8250 while the support is at 0.8160/0.8120. It will be less risky to place order at support position.

All the information mentioned above is for reference only. The FX team will keep an eye on the market and set up the trading strategies specifically. If you are looking for more real-time signal-providing services and investment instructions, please pay more attention to us.

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