Market Brief / 05 - 01 - 2018

Thank You For Your Support and For
Honoring Me With Your Up Vote...

EUR/USD pivot is at 1.2040, above 1.2040 look for 1.2115. Below 1.2040 look for further downside with 1.1950 as target. All eyes are on the Non-Farm Payrolls today later.

On the data slate there’s German Retail Sales; Switzerland Foreign Currency Reserves; Euro-Zone CPI; Euro-Zone PPI; US Labour Force Participation Rate; US Average Hourly Earnings; US Unemployment Rate; US Average Weekly Hours; US Non- Farm Payrolls; US Trade Balance; US ISM Non-Manufacturing PMI; US Factory Orders; US FOMC Member Harker Speech; US FOMC Mester Speech; US Baker Hughes US Oil Rig Count and UK MPC Member Haldane Speech.

My Personal Trading Plan
SELL EUR/USD @ 1.2085 OR BETTER – STOP @ 1.2130 – TARGET @ 1.1950
SELL GBP/USD @ 1.3560 OR BETTER – STOP @ 1.3600 – TARGET @ 1.3465
BUY USD/JPY @ 112.50 OR BETTER – STOP @ 112.00 – TARGET @ 113.20
SELL CL0218 @ 62.00 OR BETTER – STOP @ 62.50 – TARGET @ 59.90
SELL AUD/USD @ 0.7850 OR BETTER – STOP @ 0.7890 – TARGET @ 0.7765
SELL XAU @ 1322 OR BETTER – STOP @ 1326 – TARGET @ 1298
SELL XAG @ 17.15 OR BETTER – STOP @ 17.50 – TARGET @ 16.65

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.