Market Brief Series / EP. 387 / 22nd Aug 2018 by lordoftruth

View this thread on steempeak.com
· @lordoftruth ·
$2.94
Market Brief Series / EP. 387 / 22nd Aug 2018
<center>![11.jpeg](https://cdn.steemitimages.com/DQmcaHfToU6dDEkmwpJUPuiLBuXQnsHNEUw9Uy786qYhcQT/11.jpeg)</center>

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

- **US** President Donald Trump’s former lawyer Michael Cohen admitted he made illegal campaign contributions and his lawyer Lanny Davis issued a statement after the plea saying that Trump directed Cohen to commit a crime. Meanwhile, investors await the closely watched US Federal Reserve’s FOMC meeting minutes due later today.

- **Oil** prices rose on Wednesday, supported by a drop in U.S. crude inventories and a weaker dollar, along with concerns about a potential shortfall of Iranian oil from November due to U.S. sanctions.

- **USD** extended its decline on Tuesday remained on the defensive on Wednesday, as U.S. President Donald Trump's comments on monetary policy continued to weigh on the greenback and as the markets awaited U.S.-China trade talks and Federal Reserve minutes for directional cues.

- **AUD/USD** is threatening to snap the four-day winning streak. The weak tone in the Aussie dollar seen today could be associated with signs of risk aversion in the US equity index futures. 

- **EUR/USD**  is still heading upward, backed by its ascending 20-and 50-period moving averages. RSI stands firmly above it neutrality area, which confirms a positive outlook. As long as 1.1530 is support, likely advance to 1.1630. Alternatively, below 1.1530, look for further downside with 1.1470 as target.

- **On Data** slate there’s US Mortgage Applications; US Existing Home Sales; US Crude Oil Inventories and US FOMC Meeting Minutes.

<center>**Today Trading Plan**
</center>

<center>
SELL EUR/USD @ 1.1580 OR BETTER – STOP @ 1.1650 – TARGET @ 1.1410
SELL GBP/USD @ 1.2900 OR BETTER – STOP @1 .2960 - TARGET @ 1.2825
BUY USD/JPY @ 110.20 OR BETTER – STOP @ 109.70 – TARGET @ 111.20
BUY CL1018 @ 65.80 OR BETTER – STOP @ 65.00 – TARGET @ 68.10
SELL AUD/USD @ 0.7360 OR BETTER – STOP @ 0.7410 – TARGET @ 0.7250
SELL XAU @ 1197 OR BETTER – STOP @ 1208 – TARGET @ 1178
SELL XAG @ 14.75 OR BETTER – STOP @ 15.20 – TARGET @ 14.00 

</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. </center>

<center>**If you believe, that our little blog is useful for you, 
consider purchasing us a box of beer to BTC Address: 
3AmNtmR5F9RkACUyec9wTy2a1EP6B54t66**
 </center>

<center>![www.jpg](https://steemitimages.com/DQmaJ6vyejgpyzTzEaqenx8FCuRcPERb1VJY7rHhXgRG1g4/www.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><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><a href="https://steemit.com/politics/@lordoftruth/what-you-know-about-syrian-civil-war-last-part">**If You Like To Read About Syrian War --> Click Here!**</a></center>


<center>![5000.gif](https://steemitimages.com/DQmTL9L2WbgD7u4WTUjxVJTQVM4p3A4M63wGVmfmomBVTy2/5000.gif)</center>
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
properties (23)
post_id60,399,600
authorlordoftruth
permlinkmarket-brief-series-ep-387-22nd-aug-2018
categoryforex
json_metadata{"format":"markdown","app":"steemit\/0.1","links":["https:\/\/steemit.com\/bitcoin\/@lordoftruth\/forex-education-center-volume-i","https:\/\/steemit.com\/bitcoin\/@lordoftruth\/fibonacci-retracement-in-trending-market","https:\/\/steemit.com\/politics\/@lordoftruth\/what-you-know-about-syrian-civil-war-last-part"],"image":["https:\/\/cdn.steemitimages.com\/DQmcaHfToU6dDEkmwpJUPuiLBuXQnsHNEUw9Uy786qYhcQT\/11.jpeg"],"tags":["forex","money","market","trading","whalepower"]}
created2018-08-22 04:02:00
last_update2018-08-22 04:02:00
depth0
children1
net_rshares2,121,643,516,045
last_payout2018-08-29 04:02:00
cashout_time1969-12-31 23:59:59
total_payout_value2.299 SBD
curator_payout_value0.645 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length3,610
author_reputation130,817,747,426,019
root_title"Market Brief Series / EP. 387 / 22nd Aug 2018"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (32)
@boomerang ·
This post has received a 5.35 % upvote from @boomerang.
properties (22)
post_id60,410,759
authorboomerang
permlinkre-market-brief-series-ep-387-22nd-aug-2018-20180822t070402
categoryforex
json_metadata{}
created2018-08-22 07:04:03
last_update2018-08-22 07:04:03
depth1
children0
net_rshares0
last_payout2018-08-29 07:04:03
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length55
author_reputation3,503,034,741,265
root_title"Market Brief Series / EP. 387 / 22nd Aug 2018"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000