Friday, 28 December 2018
FX TS
Labels:
trading signals
Markets is trading last Friday in 2018, and the new year is just around the corner. Holiday trading was far from quiet, and more subtle market conditions created the possibility of increased volatility and wild swings in equities. There was a good reason for volatility, since the year is coming to an end, with uncertainty in the air, shifting into 2019.
EUR / USD - strengthened to local maxima in the 1.1460 area
After Christmas, Euro quotes were fixed above the level of 1.1365- a very positive signal that the bulls retain control over the market. The nearest local resistance in the area of 1.1405 was broken through and the market consolidated above 1.1430. Strong resistance in the area of 1.1460. Most likely, the last days of the outgoing year, the market will hold in this range.
Trading recommendations - out of market
GBP / USD British currency weakness persists
The weakness of the US dollar led to some recovery in the British currency market. However, strategically and tactically, the market situation has not changed much. Recently GBP/USD approached the first resistance around 1.2660. It should be noted that this level is supported by a downtrend resistance line, an additional technical deterrent restraining the recovery of the market. Of course, the British currency market is oversold, but one should not expect a recovery of this market under current conditions.
Trading recommendations - out of the market
Gold - gold continues the rally, however the profit taking is possible
The American currency again came under strong pressure against the background of the influence of a number of internal factors connected exclusively with the problems of the USA.
First, in the United States, a number of federal departments are still suspended and, judging by the latest data, the budget crisis in the country may be delayed for quite a long time. Yesterday, the Senate refused to consider the draft budget and postponed consideration of this issue on January 2. Trump himself said that he did not intend to make concessions, despite the further suspension of government work, he would wait for a positive decision on the construction of a wall on the border with Mexico for an unlimited amount of time.
A serious blow to the dollar yesterday was published statistics on consumer confidence index CB. Experts expected to see the indicator at the level of 133.7 points, after 136.4 (revised upwards from the initial 135.7) a month earlier, but the actual figure was only 128.1 points, which is the minimum value of this indicator since July 2018. Recall that last week the US Federal Reserve lowered forecasts for economic growth rates of the rate hike in 2019, so now the US economic data is becoming even more important for bidders because the Fed’s future actions and investor expectations will directly depend on their dynamics.
In Europe, the news yesterday was not very much. The ECB report did not contain new information, so it did not have a strong influence on trading yesterday. Today in Europe there are also no important economic publications, so the further dynamics of the EUR / USD pair will primarily depend on the behavior of the dollar.
On the chart, we see steady growth in conditions of uptrend move. New maximum levels were indicated in the $ 1277 zone, the nearest local support in the $ 1266 area.
Subscribe to:
Post Comments
(
Atom
)
Trading is good for any particular country because it strong the economy cycle. While on the other hand when we talk about the past days when there was no trading systems from one country to another then it was too hard to survive for the nation. But when the the innovative gadgets come then it makes easy for us to do trade and we can easily use different website i.e. college essay writers in Pakistan which can easily accessible from any region and it can help the students in their project's problems.
ReplyDeleteThanks for providing the information about Trading Signals and you have done it very rightly and is amazing with assignmenthelp and also with the things of assignment help Sydney at affordable prices
ReplyDeleteQB Tool Hub is the collection of all Quickbooks tools in one application. This tool can be used to fix common issues like login credentials, company file issues, printing errors, network connectivity errors, and performance errors.
ReplyDeletehttps://gmailposteingang-1.jimdosite.com/
ReplyDelete
ReplyDeleteقیمت میلگرد همدان و
قیمت ورق سیاه با سایز امروز تو بازار آزاد و توی بورس چند اعلام شده؟
This was really helpful but can you please write on this weeks roundup post. Additionally, I also read this post on the new lendova mortgage plans and I liked it too.
ReplyDeletelooking to save money but unable to do it, now don’t worry coupon2deal will help you in this with the help of discount coupons we will help you out in your savings and we offered different types of coupons likeCouopn2deal
ReplyDeleteInvesting has never been easier. Everything you are looking for in an ultimate investment platform pick from over a dozen of different routes to a smart investment. AssignmentWritingHelp.com.pk
ReplyDeleteLooking for a reliable assignment help online provider to help in the UAE? Don’t worry we got the solution to your problem. We offer all academic assignment services for students within the budget. Visit our website to learn more.
ReplyDeleteHi I’m a technical Assistance if you facing any problem regarding any software, antivirus so you get in join with us.
ReplyDeleteGarmin Express
Webroot.com/safe
Roku.com/link
Outlook.com
shaw webmail login
Activate Mcafee Product
TPLinkRepeater
aol desktop gold download
TP Link wifi Extender Setup
Malwarebytes Support
Canon Printer Support
Webroot Login
Norton Login
download norton
amazon prime video login
central bitdefender com
Belkin Extender Setup
Canon Printer
Linksys Setup
Belkin Extender Setup
Roadrunner Email Account
Office.com/setup
Cash App
Avast Download
Aol Mail
Netgear Extender Setup
TomTom Update
Technical Assistance
Greetings! I'm sophia william, Get in contact with us for veritable specific help and the best switch associations, on the off chance that you need to any assistance identified with malware issue so you can keep on visiting here:-
ReplyDeleteMywifiext | Brother Printer Drivers | Netgear WiFi Extender Setup
Take the services of Assignment Help even in Australia for making your assignment submission successful and effective. Students can enhance their performance as well as their grades with the help of online assignment writing services in Australia.
ReplyDeleteIf you are pondering, "Who can furnish me with Assignment Help Brisbane and guide me through the application interaction?" you have our client heads. They offer nonstop service and answer your questions on live visit entrance, or messages.
ReplyDelete