Market Brief Series / EP. 288 / 22 - 03 - 2018
US dollar fell Wednesday after the Federal Reserve raised interest rates but opted not to add a fourth rate increase to its 2018 forecast. The dollar fell as analysts and investors focused on the Fed’s decision to hold their 2018 forecast for three rate increase, though officials boosted their 2019 projection to three increases from the two forecast in December.
Tighter monetary policy often attracts investors to a currency by offering higher rates of return. The US dollar has weakened against the Euro and Yen to start the year as the economic outlook for the Europe and Japan has been surprisingly strong, suggested that the ECB and the BOJ could end their extraordinary monetary easing.
Overall there is strength in the CAD, AUD and GBP and weakness in the USD, JPY, with minor weakness in CHF and NZD
EUR/USD preference to long positions above 1.2310 with target at 1.2425. Alternatively, below 1.2310 look for further downside with 1.2260 as target. In addition.
On the data slate there’s Euro-Zone EU Leaders Meet in Brussels; German Manufacturing PMI; German Services PMI; German Composite PMI; Euro-Zone manufacturing PMI; German IFO Business Climate; Euro-Zone ECB Publishes Economic Bulletin; Euro-Zone Services PMI; UK Retail Sales; UK BOE Bank Rate; UK BOE Asset Purchase target; US Initial Jobless Claims; US Continuing Claims; US House Price Index; US manufacturing PMI; US Leading Index; US Services PMI; US Composite PMI; and US Kansas City Fed. Manufacturing Activity.
BUY EUR/USD @ 1.2340 OR BETTER – STOP @ 1.2285 – TARGET @ 1.2425
BUY GBP/USD @ 1.4135 OR BETTER – STOP @ 1.4080 – TARGET @ 1.4275
SELL USD/JPY @ 106.10 OR BETTER – STOP @ 106.60 – TARGET @ 105.20
BUY CL0518 @ 65.00 OR BETTER – STOP @ 64.65 – TARGET @ 67.10
BUY AUD/USD @ 0.7765 OR BETTER – STOP @ 0.7710 – TARGET @ 0.7810
BUY XAU @ 1330 OR BETTER – STOP @ 1324 – TARGET @ 1350
BUY XAG @ 16.20 OR BETTER – STOP @ 15.80 – TARGET @ 17.00
Writing a series means playing a long game,
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.
Thanks for the update
Thanks for information.
Nothing is looking good these days what does impact it will have on crypto markets, if the trends keeps like this for sometime, is it good or going to be worse
Great update market
Thanks for sharing information.....
Audusd looking bullish according to above. I agree since the USD is weakened today during the early news.
Great information
thanks for your post
This post has received a 1.98 % upvote from @booster thanks to: @lordoftruth.