外汇评论：压力建立起来......

我们终于来到了市场具有魔力的月份。从这一天起，流动性将下降，并且将有不愿持仓量增加的连锁反应。通常情况下在第一周并没有作过多的的影响，稍微在第二个星期，并从该点起，在流动性的恶化将稳步上升直到第一月份的7-10日才结束。但是，下面将经历很长一段时间， 2015年曲折的行情-导致我们踏入了十二月这扇门- 这确实让我怀疑流动性恶化是否可以更早些到来。正如我上周提到的，12月走势往往有两个特征之一：死一般的，沉闷和防御性市场容易产生锯齿走势和巩固，又或更强的趋势移动。上面的描述往往适用于后面的选项...

保持耐心，在未来一周寻找一个更强有力移动的机会。

交易顺利~

伊恩.科普赛

英伦金融研究部高级顾问

国际贵金属外汇波浪权威

原文：

Pressure building up…

We have finally come to the witching month for the market. From this day onwards, liquidity will decline and will have the knock-on effect of reluctance to increase positions. Normally this doesn’t make too much of an impact in the first week, slightly more in the second week and from that point onwards the deterioration in liquidity will increase steadily through to the end of the first 7-10 days in January. However, following what has been a long, winding road in 2015 - that has us led to this door into December – it does make me wonder whether the deterioration in liquidity could arrive much earlier. As I mentioned last week, Decembers tend to have one of two characteristics: a deathly, dull and defensive market prone to whipsaws and consolidation or a stronger trending move. The description above tends to lend itself to the latter option…

Yesterday’s, the Dollar lost out against the Swiss Franc while the Euro weakened against the Dollar. GBPUSD dithered like a pgnant duck. The development was a typical repsentation of lack of interest and suggestive of the trending outcome. Therefore, keep this firmly in mind and should a trend develop, be aware of the potential to hold a position, building it up as it continues.

This development could start today. The initial moves may well be a little messy – and this is the time to take a minimum trade to ride out the potential volatility of the early foundation waves – before adding to the position once the follow-through is seen.

As mentioned in yesterday’s video outlook, USDJPY is in a strange place. In terms of the decline to 116.16 I am just surprised by the shallow nature compared to what I had expected – a minimum of 110 was my expectation. Now that we have reached the span of the 48-week cycle low I’m sitting and waiting for a stronger signal and I think we’ll resolve this over the next 1-2 weeks. In the meantime, EURJPY still needs a push lower but this has some camouflage considering the less certain development in EURUSD and USDJPY at this point.

Remain patient and look for an opportunity for a stronger move over the coming week.

Good trading