Market Brief / 02 - 02 - 2018

in #forex7 years ago

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US dollar fell to its lowest level in more than three years, as strong economic data from overseas drew investors into the euro. A key measure of euro-zone manufacturing activity, the HIS Markit Euro-Zone Manufacturing PMI, showed a strong start to the year for the region. The solid results signalled that the euro-zone’s recovery, which helped push the euro up 3.4% against the dollar in January.

EUR/USD was up yesterday by 0.8% at 1.2507. Preference is for long positions above 1.2470 with target at 1.2580. Alternatively, below 1.2470 look for a pull back with 1.2430 as target.

On the data slate there’s UK Construction PMI; US Change in Non-Farm Payrolls; US Change in Private Payrolls; US Unemployment Rate; US Average Hourly Earnings; US Factory Orders; US U. of Michigan Sentiment; US Durable Goods; US U. of Michigan 5-10 Yr. Inflation and US Baker Hughes US Rig Count.

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My Personal Trading Plan

BUY EUR/USD @ 1.2490 OR BETTER – STOP @ 1.2430 – TARGET @ 1.2580
BUY GBP/USD @ 1.4240 OR BETTER – STOP @ 1.4200 – TARGET @ 1.4350
BUY USD/JPY @ 109.10 OR BETTER – STOP @ 108.80– TARGET @ 109.80
BUY CL0318 @ 65.70 OR BETTER – STOP @ 65.10 – TARGET @ 66.60
SELL AUD/USD @ 0.8040 OR BETTER – STOP @ 0.8090 – TARGET @ 0.7960
BUY XAU @ 1345 OR BETTER – STOP @ 1338 – TARGET @ 1355
BUY XAG @ 17.00 OR BETTER – STOP @ 16.60 – TARGET @ 17.65

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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thanks for the brief intersting times we live in lordoftruth thank you

With love,

harj : ) xoxo
Abstract artist

good news friends, hope you continue to share quality posts, I will wait for further news from you, thank's brother @lordoftruth

thnaks for sharing the market news

The community is grateful for your contribution to the development of steemit.
I really enjoy this statistics, but where are Polish złoty? Haha BTC/ZŁ not this age.. ;( Thank you for your time to create this statistics, i will follow you and check from time to time your content. If you want, and if you have time please check my profile, it will be very nice :) upvoted.

Your trading plan is quite ambitious. I like your confidence.

forex market is best platform for trading vin the world...thnx for share this post with us

Good opinion @lordoftruth...good post

Thanks for the update of forex market news
Thanks @lordoftruth
Have a great day

This post has received a 4.34 % upvote from @booster thanks to: @lordoftruth.

great news sir👌👌its an informative post.thanks a lot for sharing.
please carry on your update news...

thanks for sharing the market news.. the news is informative for us

Thanks for providing the update first up forex trading seems to be very profitable right now

Today there are many important news that affect the market, you consider the time before and after the news (about 1 hour) :))
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I selected the USDJPY pair to trade
https://busy.org/forex/@xthuy/daily-technical-analysis-usd-jpy-02-2-18

Thanks for the update. Can I resteem?:))

@lordoftruth great post thank you
##Upvote/Resteem###

I always bet on Euro being strong. But for some time now it is shaken quite a lot. Started with brexit, now adding those "little" bits you're mentioning in your post (payrolls, unemployment rate, ...). Anyway - Forex its not quite the crypto jungle :). Still, thank you for the insight - will follow you.
@meonline