Market Brief Series / EP. 425 / 16th Oct. 2018 by lordoftruth

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· @lordoftruth ·
$0.68
Market Brief Series / EP. 425 / 16th Oct. 2018
<center>![11.jpeg](https://cdn.steemitimages.com/DQmcaHfToU6dDEkmwpJUPuiLBuXQnsHNEUw9Uy786qYhcQT/11.jpeg)</center>

- Overall there is strength in the NZD. Weakness in the USD with minor weakness in the AUD and CAD.

- Oil prices rose on escalating tensions between the US and Saudi Arabia over the disappearance of a dissident Saudi journalist in Turkey.

- Spot gold advanced 0.8% to $1,227 an ounce boosted by climbing demand for safe-haven assets. 

- USD eased on weaker-than-expected retail sales report, with the ICE Dollar Index slipping 0.3% on day to 95.06.

- USD/JPY back above 112 in Asia trade. USD pulled back a bit during the trading session on Monday but did find a bit of support near the ¥111.50 level, as we have seen an area that has been massive resistance.

- AUD has been rather resilient during the Monday session, bouncing from the 0.71 handle

- GBP has gapped lower to kick off the week, but found buyers immediately, and has filled that gap by the time New York started trading. 

- EUR/USD stays on the upside after validating a bullish triangle continuation pattern. Above the key support at 1.1565, the pair should revisit 1.1610. Alternatively, a break below 1.1565 would open a path toward 1.1540 .

- On the data slate there’s UK Claimant Count Rate; UK Jobless Claims Rate; UK Average Weekly Earnings; UK Unemployment Rate; UK Employment Change; Euro-Zone Trade Balance; German ZEW Survey; Euro-Zone ZEW Survey; US Industrial Production; US Capacity Utilization; US Manufacturing Production; US Housing Market Index; US Job Openings and US Net Long-Term TIC Flows.


<center>**Today Trading Plan**
SELL EUR/USD @ 1.1575 OR BETTER – STOP @ 1.1625 – TARGET @ 1.1490 
SELL GBP/USD @ 1.3150 OR BETTER – STOP @ 1.3180 - TARGET @ 1.3075
BUY USD/JPY @ 112.00 OR BETTER – STOP @ 111.70 – TARGET @ 112.60 
BUY CL1218 @ 71.80 OR BETTER – STOP @ 71.30 – TARGET @ 73.00 
SELL AUD/USD @ 0.7140 OR BETTER – STOP 0.7180 – TARGET @ 0.7050
BUY XAU @ 1225 OR BETTER – STOP @ 1218– TARGET @ 1245.00
BUY XAG @ 14.50 OR BETTER – STOP @ 14.00 – TARGET @ 15.10 
 </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>
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@andreina89 ·
Congratulations friend
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