Market Brief / 18 - 01 - 2018

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US dollar rebounded and fresh record highs for Wall Street has set the stage for a strong opening in Japanese stocks.

EUR/USD looks bearish and preference is short positions below 1.2230 with target at 1.2100. Alternatively above 1.2230 look for further upside with 1.2330 as target.

On the data slate there’s US Housing Starts; US Building Permits; US Initial Jobless Claims; US Continuing Jobless Claims; US Philadelphia Fed Manufacturing Survey; Euro-Zone ECB Coeure Speech; US Crude Oil Stocks Change and US 10-Year Note Auction.

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My Personal Trading Plan


SELL EUR/USD @ 1.2230 OR BETTER – STOP @ 1.285 – TARGET @ 1.2100
SELL GBP/USD @ 1.3810 OR BETTER – STOP @ 1.3870 – TARGET @ 1.3700
BUY USD/JPY @ 110.90 OR BETTER – STOP @ 110.50 – TARGET @ 112.10
SELL CL0318 @ 64.10 OR BETTER – STOP @ 64.70 – TARGET @ 63.00
SELL AUD/USD @ 0.7990 OR BETTER – STOP @ 0.8030 – TARGET @ 0.7865
SELL XAU @ 1330 OR BETTER – STOP @ 1342 – TARGET @ 1305
SELL XAG @ 17.10 OR BETTER – STOP @ 17.50 – TARGET @ 16.10

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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Market Brief / 18 - 01 - 2018 | Ecency