Market Brief Series / EP. 427 / 18th Oct. 2018

in #forex • 6 years ago

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  • Overall there is strength in the USD with minor strength in the JPY. Weakness in the EUR and CAD with minor weakness in the GBP, CHF, AUD and NZD.

  • Oil prices edged up on Thursday, steadying after a big drop overnight due to a jump in U.S. crude stockpiles and supported by ongoing tensions over the death of a prominent Saudi journalist.

  • USD dollar traded stronger versus its major peers on Thursday after minutes from the U.S. Federal Reserve's September meeting affirmed expectations that the central bank is likely to continue raising interest rates this year.

  • AUD/USD intraday action for early Thursday sees a bump higher on a multi-year low for the Aussie Unemployment Rate, but the Participation Rate and Employment change figures leave something to be desired.

  • GBP/USD is feeling the pull of gravity courtesy of hawkish Fed minutes and Brexit uncertainty.

  • USD/JPY rallied on the FOMC minutes, extending a pre-event bid as the market starts to come to terms with higher rates.

Today Trading Plan

No Trading Today

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.

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Writing a series means playing a long game,
investing considerable time and effort up front in
hopes of substantial returns down the road.

Thanks For Reading & Support

#money #market #trading #trending
6 years ago in #forex by
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