Market Brief / 18 - 01 - 2018

in #forex8 years ago

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US dollar rebounded and fresh record highs for Wall Street has set the stage for a strong opening in Japanese stocks.

EUR/USD looks bearish and preference is short positions below 1.2230 with target at 1.2100. Alternatively above 1.2230 look for further upside with 1.2330 as target.

On the data slate there’s US Housing Starts; US Building Permits; US Initial Jobless Claims; US Continuing Jobless Claims; US Philadelphia Fed Manufacturing Survey; Euro-Zone ECB Coeure Speech; US Crude Oil Stocks Change and US 10-Year Note Auction.

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My Personal Trading Plan

SELL EUR/USD @ 1.2230 OR BETTER – STOP @ 1.285 – TARGET @ 1.2100
SELL GBP/USD @ 1.3810 OR BETTER – STOP @ 1.3870 – TARGET @ 1.3700
BUY USD/JPY @ 110.90 OR BETTER – STOP @ 110.50 – TARGET @ 112.10
SELL CL0318 @ 64.10 OR BETTER – STOP @ 64.70 – TARGET @ 63.00
SELL AUD/USD @ 0.7990 OR BETTER – STOP @ 0.8030 – TARGET @ 0.7865
SELL XAU @ 1330 OR BETTER – STOP @ 1342 – TARGET @ 1305
SELL XAG @ 17.10 OR BETTER – STOP @ 17.50 – TARGET @ 16.10

THE ABOVE BRIEF IS MY PERSONAL OPINION AND DOES NOT CONSTITUTE ANY PROMISES OR GUARANTEES OF PROFITS. TRADING IN CURRENCIES AND COMMODITIES ARE HIGH RISKS. YOU SHOULD NOT TAKE ANY MATERIAL POSTED AS RECOMMENDATION.

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Thanks for sharing nice analysis of forex market and it really helpful for me to understand the market, Stay blessed

Thank you @lordoftruth for making a transfer to me for an upvote of 3.87% on this post! Half of your bid goes to @budgets which funds growth projects for Steem like our top 25 posts on Steem! The other half helps holders of Steem power earn about 60% APR on a delegation to me! For help, will you please visit https://jerrybanfield.com/contact/ because I check my discord server daily? To learn more about Steem, will you please use http://steem.guide/ because this URL forwards to my most recently updated complete Steem tutorial?

Gas will jump to $109 (Prediction#28)
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Thanks dear..Get to update news ..

I like your posts @lordoftruth . I get a good information. Although I do not really understand the world of the stock market, but I like the news about the economy. The movement of currency values ​​also affects our economy.

a very good post can be a learning for those who read it, thanks to share their knowledge, thank you regards steemit

Thanks once again for sharing useful informations.

           Re-steemed.

Your valuable update news really great.
It's have to learn here.
Thanks for sharing dear..

Thanks once again!

Today is a little noticeable gains across many currencies. This is encouraging. Especially our Steem. Finally he rises again. this drop made everyone sad. I noticed a lull in steemit, during the recession.

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