Market Brief Series / EP. 286 / 20 - 03 - 2018
GBP/USD, Monday's best-performing currency was sterling and the move had everything to do with reports that Brexit negotiations went well this weekend.
EUR/USD remains bullish, rebounded on reports that policymakers could be shifting their debate from quantitative easing to the steepness of the rate path.
Preference is for long positions above 1.2300 with target at 1.2395. Alternatively, below 1.2300 look for further downside with 1.2235 as target.
On the data slate there’s German PPI; UK CPI; UH House Price Index; German ZEW Survey; Euro-Zone ZEW Survey and Euro-Zone Consumer Confidence.
BUY EUR/USD @ 1.2325 OR BETTER – STOP @ 1.2290 – TARGET @ 1.2420
BUY GBP/USD @ 1.4010 OR BETTER – STOP @ 1.3970 – TARGET @ 1.4150
SELL USD/JPY @ 105.80 OR BETTER – STOP @ 106.50 – TARGET @ 105.10
BUY CL0518 @ 62.00 OR BETTER – STOP @ 61.50 – TARGET @ 63.30
BUY AUD/USD @ 0.7710 OR BETTER – STOP @ 0.7670 – TARGET @ 0.7800
BUY XAU @ 1312 OR BETTER – STOP @ 1308 – TARGET @ 1332
BUY XAG @ 16.20 OR BETTER – STOP @ 16.00 – TARGET @ 17.00
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Great post..
Thanks for sharing..
I appreciate your blog....
My target for GBPUSD remains 1.45.
My price on EURUSD still remains 1.28 even despite the anticipated 3 US fed interest rate hikes.
I agree with AUDusd of the price going up if not for retrace back up to .78 eventually from long time panic selling looks like. May take more than a week to go back up to .78?
Thanks for sharing market
This post has received a 3.50 % upvote from @booster thanks to: @lordoftruth.
nice one