Market Brief / 01 - 02 - 2018

in #forex7 years ago

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US dollar got little help from the Fed’s rate-setting announcement as the US Federal Reserve kept its key interest rates unchanged. As expected, Fed officials pointed out that inflation could accelerate this year, reiterating plans to raise rates gradually.

EUR/USD is under pressure. The Pair retreated from 1.2475 and broke below its 20- and 50-period moving averages. Additionally, the death cross between 20- and 50-period moving averages has been identified.

RSI calls for a drop. As long as 1.2445 holds on the upside, look for a return with target at 1.2270. Alternatively, a break above 1.2445 would trigger a rebound with 1.2475 as target.

On the data slate there’s Switzerland Consumer Confidence; Switzerland Retail Sales Real; Switzerland PMI Manufacturing; German Manufacturing PMI; Euro-Zone Manufacturing PMI; UK Manufacturing PMI; US Initial Jobless Claims; US Construction Spending; US ISM Manufacturing; US ISM Employment and US ISM Prices Paid.

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My Personal Trading Plan

SELL EUR/USD @ 1.2400 OR BETTER – STOP @ 1.2460 – TARGET @ 1.2270
SELL GBP/USD @ 1.4210 OR BETTER – STOP @ 1.4260 – TARGET @ 1.4075
BUY USD/JPY @ 108.90 OR BETTER – STOP @ 108.30– TARGET @ 109.80
SELL CL0318 @ 64.80 OR BETTER – STOP @ 65.30 – TARGET @ 63.65
SELL AUD/USD @ 0.8060 OR BETTER – STOP @ 0.8110 – TARGET @ 0.7980
SELL XAU @ 1345 OR BETTER – STOP @ 1353 – TARGET @ 1325
SELL XAG @ 17.30 OR BETTER – STOP @ 17.80 – 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.

If You are New in Forex  --> Read Forex Education Center / Volume I.    

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owo, a very nice post friends
i always visit your site and wait for your upcoming post.
@Resteem and follow has been done.

Thanks for giving us an update message about forex,market brief & so on.
We can take out a lot of information from your post.
Thanks @lordoftruth.
I always visit your site & wait for your upcoming post.
@Resteem & follow has been done.

its a very great and valuable story.Some information are unknown.its a amazing motivational post also. I really impress i this post.

We were the currency, our labor was backing the dollar. Directly. The worthless dollar accountable for trillions in war crimes, death and deceit. With the ancestors of the creators continuously strengthening their worldwide elite organized crime syndicate.. This is mathematics and numbers don't lie like words do. I'd put my money on open source community developed algorithms rather than in the hands of the shady closed door self interested devil worshiping legal criminal moguls anyday bruh. Money should be managed by us, so should our freedom. The two go hand in hand

DAAYYUUMMM! A twenty dollar upvote??? I'm checking out your wallet.

woow, a very nice post friends

great to know some poeople here are tradingg something else then crypto

Useful and informative post thank you dear friend @lordoftruth

thanks for this update

              UPVOTED &  RESTEEM DONE!

Thanks for this update

Great to know such things

thanks for the information will be very useful

Really good post. Can i resteem this post??

This post has received a 3.56 % upvote from @booster thanks to: @lordoftruth.

@lordoftruth I think many People are waiting for their account-confirmations. I waited around 2 weeks. I am sure we will reach user soon.##Upvote/Resteem###

Thank you for the useful information.
How do you rate the EURJPY pair?
According to this chart, I think can buy at 136.108, target 136.580.Forex vn EJ.png

Thank your for your market brief.

I am price action trader. Comments your idea on my analysis:

https://steemit.com/eurusd/@pallab/eurusd-euro-dollar-price-pushed-higher-again-within-uptrend-2nd-february-2018