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US dollar rose Tuesday as signs that central banks around the world are pulling away from stimulative policies helped lift bond yields. Some analysts interpreted the decision as a sign that the central bank might eventually pull back some of its monetary stimulus. Higher interest rates tend to boost the dollar, as they make the US currency more attractive to investors seeking yield.
EUR/USD preference is short positions below 1.1955 with target at 1.1865. Alternatively, above 1.1955 look for further upside with 1.2010 as target. The Upward potential is likely to be limited by the resistance at 1.1955.
On the data slate there’s UK Industrial Production; UK Manufacturing Production; UK Visible Trade Balance; UK Trade Balance; US Mortgage Applications; UK GDP Estimate; US Import Price Index and US Crude Oil Inventories.
SELL EUR/USD @ 1.1960 OR BETTER – STOP @ 1.2010 – TARGET @ 1.1865
SELL GBP/USD @ 1.3560 OR BETTER – STOP @ 1.3600 – TARGET @ 1.3465
BUY USD/JPY @ 112.00 OR BETTER – STOP @ 111.70 – TARGET @ 113.00
SELL CL0218 @ 63.65 OR BETTER – STOP @ 64.00 – TARGET @ 61.00
SELL AUD/USD @ 0.7850 OR BETTER – STOP @ 0.7890 – TARGET @ 0.7765
SELL XAU @ 1315 OR BETTER – STOP @ 1322 – TARGET @ 1298
SELL XAG @ 17.10 OR BETTER – STOP @ 17.50 – TARGET @ 16.65
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Nice post beautiful presented and explained. detail oriented with nice information.
@lordoftruth
Useful and informative post thank you dear friend
atleast the dollar seem to be rising , that is a good indicator in our ecoomy, a weak dollar isnt good not sure about the rest of the world would thing of the rising dollar
good news
Very good update report about trade market. Thanks
Wow . Nice post for daytrader. yesterday I wrote a post on GBPUSD and EURUSD. https://steemit.com/forex/@mdlitan/market-update-for-eurusd-and-gbpjpy. Support me @lordoftruth.
Thanks for good analyses, great information, excellent post,lordoftruth
This post has received a 1.56 % upvote from @booster thanks to: @lordoftruth.
thanks for sharing this with us :)
/@lordoftruth Such a great article & nice photography
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Thanks friends, your writing is very useful for me, so I know the value of the currency. Thank you friends, hope we can be friends onward.