<center>![11.jpeg](https://cdn.steemitimages.com/DQmcaHfToU6dDEkmwpJUPuiLBuXQnsHNEUw9Uy786qYhcQT/11.jpeg)</center> - Overall there is strength in the GBP and EUR. Weakness in the NZD, CHF, USD and JPY. - Oil prices gained on Thursday in Asia after the Energy Information Administration (EIA) reported a drop in U.S. crude stockpiles. - GBP/USD posted a strong rebound of 1.1% to US$1.2623, halting a three-day decline, as UK Prime Minister Theresa May held onto her Conservative Party leadership by surviving a confidence vote. 63% of Conservative Members of Parliament supported her while 37% voted against her. - USD/JPY lingers near 113.50 ahead of European trading ForexLive Asian equities are still riding the good news from the US-China trade rhetoric after and Trump reiterating that he will meet Xi for another round of trade talks "if need be". - EUR/USD remains on the upside after breaking above a bullish channel. The intraday configuration remains bullish, and the pair should target 1.1425 upon reaching 1.1400. Alternatively, losing the key support at 1.1350 would trigger a further decline toward 1.1325 on the downside. - On the data slate there’s UK House Price Balance; German CPI; Switzerland Sight Deposit Interest Rate; Switzerland SNB’s Jordan Speaks at Press Conference in Berne; Euro-Zone ECB Rate Decision; Euro-Zone ECB Marginal Lending Facility; Euro-Zone ECB Deposit Facility Rate; US Export & Import Prices; US Initial Jobless Claims and US Continuing Claims. ## <center>Today Trading Plan </center> <center> SELL EUR/USD @ 1.1350 OR BETTER – STOP @ 1.1410 – TARGET @ 1.1265 SELL GBP/USD @ 1.2625 OR BETTER – STOP @ 1.2710 - TARGET @ 1.2480 BUY USD/JPY @ 113.20 OR BETTER – STOP @ 112.80 – TARGET @ 113.90 SELL CL0219 @ 51.60 OR BETTER – STOP @ 52.00 – TARGET @ 50.20 SELL AUD/USD @ 0.7280 OR BETTER – STOP @ 0.7310 – 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>
post_id | 67,357,652 |
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author | lordoftruth |
permlink | market-brief-series-ep-464-13th-dec-2018 |
category | forex |
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wao..great update, you are doing good job bro.. Posted using [Partiko Android](https://steemit.com/@partiko-android)
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wao..great update, you are doing good job bro.. Posted using [Partiko Android](https://steemit.com/@partiko-android)
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