Market Brief / 22-11-2017

lordoftruth (71)in #forex • 6 years ago

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US dollar lacked upward momentum while US Treasury yields failed to push higher even though investors’ risk appetite grew.

EUR/USD edged up to 1.1737 from 1.1732. Preference is still short positions below 1.1760 with targets at 1.1700 and 1.1650 in extension. Alternatively, above 1.1760 look for further upside with 1.1810 and 1.1850 as targets.

On the data slate there’s US Mortgage Applications; UK Chancellor Presents Budget to Parliament; US Initial Jobless Claims; US Continuing Claims; US Durable Goods; Euro-Zone Consumer Confidence; US U. of Michigan Sentiment; US Crude Oil Inventories; US Baker Hughes US Rig Count and US FOMC Meeting Minutes.

My Personal Trading Plan
SELL EUR/USD @ 1.1755 OR BETTER – STOP @ 1.1810 – TARGET @ 1.1650
SELL GBP/USD @ 1.3265 OR BETTER – STOP @ 1.3295 – TARGET @ 1.3210
BUY USD/JPY @ 112.20 OR BETTER – STOP @ 111.80 – TARGET @ 113.10
SELL CL1217 @ 57.90 OR BETTER – STOP @ 58.40 – TARGET @ 56.10
SELL AUD/USD @ 0.7570 OR BETTER – STOP @ 0.7635 – TARGET @ 0.7500
SELL XAU @ 1282 OR BETTER – STOP @ 1290 – TARGET @ 1270
SELL XAG @ 17.30 OR BETTER – STOP @ 17.70 – TARGET @ 16.60

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.