Market Brief Series / EP. 356 / 29th June 2018 – Fri.
Overall there is strength in the CAD with minor strength in the AUD and EUR. Weakness in the NZD, GBP, JPY, with minor weakness in CHF.
Oil prices fell on Friday amid concerns about trade frictions between the United States and other major economies, although crude market conditions remain tight due to supply disruptions and generally high demand.
USD/JPY is trading in a narrow range at the descending resistance line, supported by a cluster of daily MAs, notably the 200-D SMA at 110.18 and is riding the improved risk sentiment in overnight trade on Wall Street.
AUD/USD slipped back towards yesterday's lows, dropping into 0.7335 following missed expectations for Aussie Home Sales.
EUR/USD is under heavy pressure. Therefore, short positions should be maintained below 1.1595 with targets at 1.1530 and 1.1480 in extension. Alternatively, above 1.1595 look for further upside with 1.1620 and 1.1650 as targets.
On Data slate there’s German Retail sales; Switzerland Leading Indicator; German Unemployment Change and Claims rate; UK Net Consumer Credit; UK Net Lending on Dwellings; UK Mortgage Approvals; UK GDP; Euro-Zone CPI; US Personal Spending; US Personal Income; US Chicago Purchasing Manager; US U. of Michigan Sentiment and US Baker Hughes US Rig Count.
SELL EUR/USD @ 1.1595 OR BETTER – STOP @ 1.1640 – TARGET @ 1.1480
SELL GBP/USD @ 1.3135 OR BETTER – STOP @ 1.3200 – TARGET @ 1.3020
BUY USD/JPY @ 110.30 OR BETTER – STOP @ 109.80 – TARGET @ 111.30
BUY CL0818 @ 73.10 OR BETTER – STOP @ 72.50 – TARGET @ 74.10
SELL AUD/USD @ 0.7380 OR BETTER – STOP @ 0.7410 – TARGET @ 0.7310
SELL XAU @ 1252 OR BETTER – STOP @ 1260 – TARGET @ 1230
SELL XAG @ 16.20 OR BETTER – STOP @ 16.60 – TARGET @ 15.65
investing considerable time and effort up front in
hopes of considerable returns down the road.
I'm so proud of my little blog, and so grateful to all of you
for support to keep it going.
very good information
Thanks for market brief series information!
Nice