Market Brief / 08-12-2017
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US dollar edged higher, as some investors turned more optimistic over the US economy’s future prospects.
EUR/USD continues its slow decline. Preference is still maintaining short positions below 1.1800 with targets at 1.1680. Alternatively, above 1.1800 look for further upside with 1.1850 as targets.
On the data slate there’s German Trade Balance; UK Industrial Production; UK Manufacturing Production; UK Visible Trade Balance; UK Trade Balance; UK GDP Estimate; US Change in Non-Farm Payrolls; US Change in Private Payrolls; US Average Hourly Earnings; US U. of Michigan Sentiment and US Baker Hughes US Rig Count.
SELL EUR/USD @ 1.1800 OR BETTER – STOP @ 1.1850 – TARGET @ 1.1680
SELL GBP/USD @ 1.3490 OR BETTER – STOP @ 1.3560 – TARGET @ 1.3350
BUY USD/JPY @ 113.00 OR BETTER – STOP @ 112.60 – TARGET @ 113.90
SELL CL0118 @ 56.70 OR BETTER – STOP @ 56.95 – TARGET @ 55.30
SELL AUD/USD @ 0.7530 OR BETTER – STOP @ 0.7580 – TARGET @ 0.7465
SELL XAU @ 1252 OR BETTER – STOP @ 1259 – TARGET @ 1235
SELL XAG @ 15.80 OR BETTER – STOP @ 16.30 – TARGET @ 15.30
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Great info as always @lordoftruth! US dollar is bunk!
The morning info:P thanks!!!
Greatly analysed bro. Appreciate it @lordoftruth.
great information and good anaylis. @lordoftruth.
Great information Forex market trending.
Upvote Resteem
Great info bro thankalot
excellent post ..loving to your blog.thanks for sharing..