Market Brief / 07-12-2017
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US dollar gains came as firms across the country added 190,000 workers to their ranks in November.
EUR/USD continues its slow downtrend awaiting the payroll data on Friday. Preference is still for short positions below 1.1830 with targets at 1.1730. Alternatively, above 1.1830 look for further upside with 1.1880 as targets.
On the data slate there’s Switzerland Unemployment Rate; German Industrial Production; UK House Prices; Euro-Zone Government Expenditure; Euro-Zone GDP; US Challenger Job Cuts; US Initial Jobless Claims; US Continuing Claims; Euro-Zone ECB’s Draghi holds conference as GHOS chair in Frankfurt and US Consumer Credit.
SELL EUR/USD @ 1.1810 OR BETTER – STOP @ 1.1870 – TARGET @ 1.1730
SELL GBP/USD @ 1.3395 OR BETTER – STOP @ 1.3450 – TARGET @ 1.3310
BUY USD/JPY @ 112.35 OR BETTER – STOP @ 112.00 – TARGET @ 113.10
SELL CL0118 @ 56.30 OR BETTER – STOP @ 56.65 – TARGET @ 55.30
SELL AUD/USD @ 0.7560 OR BETTER – STOP @ 0.7600 – TARGET @ 0.7485
SELL XAU @ 1268 OR BETTER – STOP @ 1273 – TARGET @ 1255
SELL XAG @ 16.20 OR BETTER – STOP @ 16.50 – TARGET @ 15.65
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This post has been ranked within the top 50 most undervalued posts in the first half of Dec 07. We estimate that this post is undervalued by $17.58 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Dec 07 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.
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lordoftruth or lordof trading :)
Great information Forex market trending.
Upvote Resteem
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Thank you
Great update for Forex trading .useful info
thanks for sharing
100% like and resteem
Thanks for the update of forex market news.
Thanks @lordoftruth
Have a nice day
Great update. thanks for sharing
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Thnx for Fiat market update, but it'd the time to focus on Cryptocurrency ☺
Thanks for your market strategy.
forex trading...
thank's for sharing@lordoftruth