Overall there is strength in the GBP, with minor strength in the USD and AUD. Weakness in the JPY, EUR and CHF.
AUD showed muted reaction Monday to some quite upbeat economic data from its home country.
USD/JPY has breached a key ascending trendline, so a pullback could be on the cards. A break below 109.42 would allow a drop to 109.10.
Gold will start to rebound due to Fed to hike another two or three times next year before ending its tightening cycle. fully valued equities, and Geopolitical risks.
Euro has scope to recover against the USD and AUD this week. The formation of a new Italian government has eased Italian political uncertainty.
EUR/USD is looking for further upside with 1.1770 as target. Alternatively, below 1.1680, we can expect a return to 1.1615.
On the data slate there’s Switzerland Employment Level; Euro-Zone Investor Confidence; Euro-Zone PPI; US ISM NY Index-Business Conditions; US Factory Orders and US 3- and 6-Month Bill Auctions.
BUY EUR/USD @ 1.1680 OR BETTER – STOP @ 1.1630 – TARGET @ 1.1770
BUY GBP/USD @ 1.3350 OR BETTER – STOP @ 1.3300 – TARGET @ 1.3450
SELL USD/JPY @ 109.20 OR BETTER – STOP @ 109.70 – TARGET @ 108.50
BUY CL0718 @ 65.50 OR BETTER – STOP @ 65.00 – TARGET @ 66.90
BUY AUD/USD @ 0.7580 OR BETTER – STOP @ 0.7530 – TARGET @ 0.7660
BUY XAU @ 1298 OR BETTER – STOP @ 1290 – TARGET @ 1320
BUY XAG @ 16.20 OR BETTER – STOP @ 15.80 – TARGET @ 17.00
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Your post was awesome.Thank you so much for the post.
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Your post is amazing...
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