Market Brief / 15-12-2017
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US dollar got firmer upon release of upbeat employment and retail sales data and was also bolstered after central banks in Europe showed continued caution about the region’s economic recovery, signalling that they are in no rush to follow the Federal Reserve in steadily raising interest rates despite a rare synchronized expansion across the world economy.
ECB left interest rates unchanged and said it will continue buying government bonds and other assets until September 2018, but at the reduced monthly rate of EUR 30 billion.
Preference to remain bearish below 1.1810 with target at 1.1705. Alternatively, above 1.1810 look for further upside with 1.1880 as target.
On the data slate there’s Euro-Zone Trade Balance; US Empire Manufacturing; US Industrial Production; US manufacturing Production; US Baker Hughes US Rig Count and US Net Long term TIC Flows.
SELL EUR/USD @ 1.1795 OR BETTER – STOP @ 1.1880 – TARGET @ 1.1705
SELL GBP/USD @ 1.3430 OR BETTER – STOP @ 1.3490 – TARGET @ 1.3310
BUY USD/JPY @ 112.00 OR BETTER – STOP @ 111.70 – TARGET @ 112.80
SELL CL0118 @ 57.00 OR BETTER – STOP @ 57.60 – TARGET @ 55.80
SELL AUD/USD @ 0.7675 OR BETTER – STOP @ 0.7730 – TARGET @ 0.7580
SELL XAU @ 1258 OR BETTER – STOP @ 1265 – TARGET @ 1242
SELL XAG @ 16.15 OR BETTER – STOP @ 16.60 – TARGET @ 15.30
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While it's great, Don't you think people investing in Fiat market should move to crypto. I know you post update about both but I think crypto has great potential for investors.
Agreed. we have trillions in debt which needs to both be repaid and shuffled around. I think a large percentage of this will either get moved using Crypto or reinvested, which will increase the value of the overall market cap. But lets see
I read the article carefully. your analysis as well. thanks for sharing analysis. Always hope your support.
@lordoftruth
Thanks for the update of forex market news.
Thanks @lordoftruth
Have a nice day
@lordoftruth payed 3.0 SBD to @minnowbooster to buy a stealth upvote.
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@stealthgoat
Good jop
Great update for Forex trading .useful info
thanks for sharing
100% like and resteem
thanks for sharing..it's good to know the news about forex market :)
Great update thanks for sharing it : )
A balance between Fiat and Crypto is good for the economy