Market Brief Series / EP. 320 / 10th May. 2018 by lordoftruth

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· @lordoftruth ·
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Market Brief Series / EP. 320 / 10th May. 2018
<center>![Brief.png](https://steemitimages.com/DQmcktAvjtVSzqp2w8XgozbrNbisPgYuoU9GS7Qq22TnyfA/Brief.png)</center>

- Overall there is strength in the CAD and AUD with minor strength in GBP, USD. Weakness in the JPY, CHF, EUR.

- USD held firm on Thursday after the 10-year U.S. bond yield popped above the psychologically important 3 percent mark and investors looked to U.S. consumer price data later in the day that could show an acceleration in inflation.

- Gold seems to have found acceptance above the 50-candle MA in 4-hour chart. A break above $1,319 could yield $1,325. On the downside, support is seen at $1,312 and $1,300 psychological mark.

- Oil prices posted their biggest gains in a month, marking fresh three-and-a-half-year highs after Donald Trump’s announcement of abandoning the Iran nuclear deal. Nymex crude futures settled $2.08 higher at $71.14 a barrel. Meanwhile, the US Energy Information Administration reported that oil stockpiles fell by 709 barrels to 663.6 million barrels last week, the lowest level since December 2017.

- EUR/USD pair is under pressure below its key resistance at 1.1900, which should limit the upside potential. The 20-period moving average turned downward and crossed below the 50-period one. 

- RSI is below its neutrality level at 50 and lacks upward momentum. Therefore, as long as 1.1900 is not surpassed, look for a return with target at 1.1820. Alternatively, above 1.1900, expect a technical rebound with 1.1980 as target.

- On the data slate there’s Euro-Zone ECB Publishes Economic Bulletin; UK Visible Trade balance; UK Industrial Production; UK Manufacturing Production; UK Construction Output; UK BOE Bank Rate; UK GDP Estimate; UK BOE Inflation Report; US CPI; US Initial Jobless Claims; US Continuing Claims; US Real Average Hourly and Weekly Earnings and US Monthly Budget Statement.

<center>![Trade.jpeg](https://steemitimages.com/DQmW6pu9QpVfLqRULavrBWHmX9mwRonMbk8bDxneqrnP7WC/Trade.jpeg)</center>

<center>My Personal Trading Plan</center>
<center>
BUY EUR/USD @ 1.1850 OR BETTER – STOP @ 1.1810 – TARGET @ 1.1910 
BUY GBP/USD @ 1.3545 OR BETTER – STOP @ 1.3500 – TARGET @ 1.3650 
SELL USD/JPY @ 109.20 OR BETTER – STOP @ 109.85 – TARGET @ 108.50 
BUY CL0618 @ 71.20 OR BETTER – STOP @ 70.70 – TARGET @ 72.50
BUY AUD/USD @ 0.7435 OR BETTER – STOP @ 0.7400 – TARGET @ 0.7520 
BUY XAU @ 1310 OR BETTER – STOP @ 1304 – TARGET @ 1325 
BUY XAG @ 16.20 OR BETTER – STOP @ 15.80 – TARGET @ 17.00
</center>

<center>![10559903_827991603901191_6823467013727099018_n.jpg](https://steemitimages.com/DQmQTBMccrRbpvLorNMexqebRBEB1PBgHmRC8sdZRa5uzF5/10559903_827991603901191_6823467013727099018_n.jpg)</center>

<center>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.</center>

<center>
 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.</center>


<center><a href="https://steemit.com/bitcoin/@lordoftruth/forex-education-center-volume-i"><strong>If You are New in Trading  &nbsp;--> Read Trading Education Center / Volume I.</strong></a> &nbsp;&nbsp;&nbsp;</center>

<center><a href="https://steemit.com/bitcoin/@lordoftruth/fibonacci-retracement-in-trending-market"><strong> What You Know About&nbsp;--> Fibonacci Retracement in Trending Market !</strong></a> &nbsp;&nbsp; </center>

<center>![5000.gif](https://steemitimages.com/DQmNMekmCnhikkruHZ3ZyRxoQhRt8xL6evKhLM7HowKswQ9/5000.gif)</center>
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@redwanmiazee10 ·
Many good post posts are so beautiful...@lordoftruth
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@silvia · (edited)
Always interesting to read. Very helpful
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@sayuti1606 ·
beautiful scenery, I really like the scenery.
Thank a lot for you 😀
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