Market Brief Series / EP. 462 / 11th Dec. 2018 by lordoftruth

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· @lordoftruth ·
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Market Brief Series / EP. 462 / 11th Dec. 2018
<center>![11.jpeg](https://cdn.steemitimages.com/DQmcaHfToU6dDEkmwpJUPuiLBuXQnsHNEUw9Uy786qYhcQT/11.jpeg)</center>

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

- Oil prices edged up on Tuesday after Libya's National Oil Company declared force majeure on exports from the El Sharara oilfield, which was seized at the weekend by a local militia group.

- Gold is mildly bid in Asia, possibly tracking losses in the greenback. Investors continue to add bullish bets, risk reversals show

- U.S. dollar slipped on reports that Beijing and Washington are preparing their next stage of trade talks.

- AUD/USD  remains overly cautious, headed for the downside as economic worries plague AUD investors.

- USD/JPY has been drifting sideways following a better bid session overnight with the US dollar taking back some grounds on the 97 handle (DXY). 

- GBP/USD encountered heavy selling after UK Prime Minister Theresa May delayed a Parliamentary vote on her Brexit plan, which was originally scheduled on Tuesday. Ms. May admitted that her plan would be rejected by a significant margin if Members of Parliament voted on it. 

- EUR/USD weakened against the greenback, dampened by the disappointing eurozone investor confidence index. Unless the key resistance at 1.1380 is not surpassed, the intraday outlook continues to be bearish, and a pull-back to 1.1355 and 1.1310 on the downside is expected. Alternatively, above 1.1380, a further bounce toward 1.1410 on the upside is likely.


- On the data slate there’s UK Unemployment Rate; UK Average Earnings; UK Claimant Count Rate; Euro-Zone ZEW Survey; US Business Optimism Index; US PPI; US Redbook Index; US 3- and 10-Year Note Auctions and US Weekly Crude Oil Stock.

## <center>Today Trading Plan </center>

<center>
SELL EUR/USD @ 1.1380 OR BETTER – STOP @ 1.1450 – TARGE T @ 1.1310
SELL GBP/USD @ 1.2580 OR BETTER – STOP @ 1.2650 - TARGET @ 1.2480
BUY USD/JPY @ 112.80 OR BETTER – STOP @ 112.30 – TARGET @ 113.75
SELL CL0119 @ 51.30 OR BETTER – STOP @ 52.00 – TARGET @ 50.20
SELL AUD/USD @ 0.7230 OR BETTER – STOP @ 0.7280 – TARGET @ 0.7180 
SELL XAU @ 1250 OR BETTER – STOP @ 1255 – TARGET @ 1238 
SELL XAG @ 14.40 OR BETTER – STOP @ 14.80 – TARGET @ 13.85
</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>![2.gif](https://cdn.steemitimages.com/DQmNPjqW2znbc1sH1GY3KLqjWQhNDSYw13VFhBnsmhfEWYC/2.gif)</center>

<center>**Writing a series means playing a long game,
investing considerable time and effort up front in
hopes of substantial returns down the road.** 

<center>![writing-pen.gif](https://smoke.io/imageupload_data/c65a2b9f5bca9ce530ee8996eeb9070160ab29c5)</center>
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