Market Brief / 21 - 02 - 2018

in #forex6 years ago (edited)

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US dollar showed further strength with rising bond yields. Euro-Zone consumers became more pessimistic about their prospect in February.
A tentative sign that the currency area’s economic recovery may have levelled off. Preference is long positions above 1.2330 for further upside with 1.2435 as target. Alternatively, below 1.2330 look for 1.2260.

On the data slate there’s German Manufacturing PMI; German Services PMI; Euro-Zone Manufacturing PMI; Euro-Zone Services PMI; UK Claimant Count Rate; UK Jobless Claims Change; UK Average Weekly Earnings; UK Unemployment Rate; UK Employment Change; UK Public Finances; UK Public Sector Net Borrowing; UKBOE’s Carney, Broadbent, Haldane and Tenreyro Speak; US Mortgage Applications; US Manufacturing PMI; US Services PMI; US Existing Home Sales and US FOMC Meeting Minutes.

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My Personal Trading Plan

BUY EUR/USD @ 1.2330 OR BETTER – STOP @ 1.2300 – TARGET @ 1.2435
BUY GBP/USD @ 1.3975 OR BETTER – STOP @ 1.3940 – TARGET @ 1.4085
SELL USD/JPY @ 107.50 OR BETTER – STOP @ 108.10 – TARGET @ 106.65
BUY CL0418 @ 61.20 OR BETTER – STOP @ 60.65 – TARGET @ 62.50
BUY AUD/USD @ 0.7865 OR BETTER – STOP @ 0.7815 – TARGET @ 0.7975
BUY XAU @ 1330 OR BETTER – STOP @ 1322 – TARGET @ 1352
BUY XAG @ 16.40 OR BETTER – STOP @ 16.00 – TARGET @ 17.00

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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Its a good news that US dollar show strength
Keep sharing with us news and information
God bless you

How do you figure that USD is strenghtening vs other currencies mentioned above in his trading plan?

This is a excellent post. I appreciate your post. uovote and resteem buddy.

This very nice post i appreciate your market thanks for sharing..

Beautiful information for coin market ....thanks for sharing....

When USD strengthens the remittances in my country are strengthened. I see the USD rising more.

this is a great post. i appreciate your post. uovote and reateemit done...

nice post,thanks for shearing.

USD weak vs other pairs looks like is your projection in your trading plan, yes?

Thanks for sharing nice signal's regarding USD pairs and i will try to capitalize on it. Stay blessed friend

Thank you for collaborating with me to promote this post as explained at https://steemit.com/steemit/@jerrybanfield/10-ways-to-fund-a-steem-growth-project.

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