Overall there is strength in the JPY, USD, with minor strength in AUD, NZD and GBP. Weakness in the CHF, EUR, with minor weakness in CAD.
The U.S. dollar held onto its gains, shrugging off the decline in Treasury yields.
EUR/USD preference to short positions below 1.2155 with target at 1.2045. Alternatively, above 1.2155 look for further upside with 1.2250 as target. A break below 1.2045 is a negative signal that will open a path to much lower levels.
On the data slate there’s UK Nationwide House Prices; German Unemployment Change; German Unemployment Claims Rate; Switzerland SNB’s Jordan, Studer Speak at Central Bank’s AGM in Berne; Euro-Zone ECB Survey of Professional Forecasters; UK GDP; Euro-Zone Consumer Confidence; US Employment Cost Index; US GDP; US Personal Consumption; UK BOE’s Carney Speaks in London; US U. of Michigan Sentiment; UK BOE’s Andy Haldane Chairs Panel in London and US Baker Hughes US Rig Count.
BUY EUR/USD @ 1.2110 OR BETTER – STOP @ 1.2050 – TARGET @ 1.2220
BUY GBP/USD @ 1.3910 OR BETTER – STOP @ 1.3860 – TARGET @ 1.4050
SELL USD/JPY @ 109.10 OR BETTER – STOP @ 109.50 – TARGET @ 108.50
BUY CL0618 @ 68.00 OR BETTER – STOP @ 67.50 – TARGET @ 70.00
BUY AUD/USD @ 0.7540 OR BETTER – STOP @ 0.7500 – TARGET @ 0.7650
BUY XAU @ 1315 OR BETTER – STOP @ 1308 – TARGET @ 1342
BUY XAG @ 16.50 OR BETTER – STOP @ 16.10 – TARGET @ 17.25
Writing a series means playing a long game,
investing considerable time and effort up front in
hopes of considerable returns down the road.
I'm so proud of my little blog, and so grateful to all of you
for support to keep it going.
