Market Brief / 11 - 01 - 2018
Honoring Me With Your Up Vote...
EUR/USD pivot is at 1.1975. Preference is to short below 1.1975 with target at 1.1880. Alternatively, above 1.1975 look for further upside with 1.2020 as target.
On the data slate there’s German Public Finances Balance; German GDP; UK BOE Credit Conditions and Bank Liabilities Surveys; Euro-Zone Industrial Production; Euro-Zone ECB Account of the Monetary Policy Meeting; US PPI Final Demand; US Initial Jobless Claims; US Continuing Claims; US Monthly Budget Statement and US Fed’s Dudley Speaks on the US Economic Outlook.
SELL EUR/USD @ 1.1960 OR BETTER – STOP @ 1.2010 – TARGET @ 1.1865
SELL GBP/USD @ 1.3530 OR BETTER – STOP @ 1.3600 – TARGET @ 1.3465
BUY USD/JPY @ 111.40 OR BETTER – STOP @ 111.00 – TARGET @ 112.65
SELL CL0218 @ 63.65 OR BETTER – STOP @ 64.00 – TARGET @ 61.00
SELL AUD/USD @ 0.7880 OR BETTER – STOP @ 0.7920 – TARGET @ 0.7785
SELL XAU @ 1320 OR BETTER – STOP @ 1327 – TARGET @ 1298
SELL XAG @ 17.10 OR BETTER – STOP @ 17.50 – TARGET @ 16.65
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