Market Brief Series / EP. 329 / 23th May. 2018 by lordoftruth

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· @lordoftruth ·
$4.03
Market Brief Series / EP. 329 / 23th May. 2018
<center>![Brief.png](https://steemitimages.com/DQmcktAvjtVSzqp2w8XgozbrNbisPgYuoU9GS7Qq22TnyfA/Brief.png)</center>

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

- US stocks slipped after President Trump expressed doubts that the planned June 12 summit with North Korea would go ahead. US dollar took a breather after gaining for six straight sessions, as investors stayed on the side-lines ahead of minutes from the Federal Reserve’s latest policy meeting, which will be released later today.


- USD/JPY pair fell to 110.42 - the rising trendline support, and was last seen trading at 110.50. The decline from 110.92 to 110.42 could be associated with the risk-off tone in the equities. As of writing, stocks in Australia and New Zealand are down 0.22 percent and 0.40 percent respectively. 

- AUD/USD is reporting losses after a weaker-than-expected rebound in construction activity. The resistance is seen at 0.7578 / 0.7605 / 0.7631 Meanwhile, support is lined up at 0.7546 / 0.7531 / 0.750.

- EUR/USD remains bullish, although the pair posted a pullback from 1.1830, it is still staying above its key support at 1.1760, which should maintain the buying interest. RSI lacks downward momentum. Even though a continuation of consolidation cannot be ruled out, its extent should be limited. Therefore, above 1.1760, look for a rebound with target at 1830. Alternatively, a break below 1.1760 would call for another drop with 1.1715 as target.

- On the data slate there’s German Manufacturing PMI; German Services PMI; Euro-Zone Manufacturing PMI; Euro-Zone Services PMI; UK CPI; UK Retail Price Index; UK House Price Index; US Mortgage Applications; US Manufacturing PMI; US Services PMI; US New Home Sales; Euro-Zone Consumer Confidence; US Crude Oil Inventories and US FOMC Meeting Minutes.

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

<center>My Personal Trading Plan</center>
<center>
BUY EUR/USD @ 1.1750 OR BETTER – STOP @ 1.1700 – TARGET @ 1.1850
BUY GBP/USD @ 1.3400 OR BETTER – STOP @ 1.3370 – TARGET @ 1.3600 
SELL USD/JPY @ 110.70 OR BETTER – STOP @ 111.30 – TARGET @ 109.10
BUY CL0718 @ 72.00 OR BETTER – STOP @ 71.50 – TARGET @ 73.00 
BUY AUD/USD @ 0.7560 OR BETTER – STOP @ 0.7510 – TARGET @ 0.7660 
BUY XAU @ 1290 OR BETTER – STOP @ 1285 – TARGET @ 1305 
BUY XAG @ 16.20 OR BETTER – STOP @ 15.80 – TARGET @ 17.00 
</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>![www.jpg](https://steemitimages.com/DQmaJ6vyejgpyzTzEaqenx8FCuRcPERb1VJY7rHhXgRG1g4/www.jpg)</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><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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vote details (29)
@steemibu351 ·
btc price is something down today. but it will not go so low
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