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WINNING TRADE
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TRADE NOW
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| Update Time: 20 Jul 2018 13:07GMT |
DAILY EUR/USD OUTLOOK - +1.1715+ |
Despite resumption of decline fm Jul's 1.1791 to
to a 2-week low of 1.1575 y'day, euro's rally to as
high as 1.1678 due to Trump's comments on usd n US
rates suggests choppy trading abv Jun's 11-mth bot-
tom at 1.1509 wud continue n may head twd 1.1745.
Intra-day rebound fm 1.1626 wud head to 1.1715 n
only below 1.1602 risk weakness to 1.1575, 1.1552.
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| Rate: |
+1.1715+ |
| Strategy: |
+Target met+ |
| Position: |
Long at 1.1640 |
| Objective: |
1.1715 |
| Stop-Loss: |
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MARKET REVIEW ON 20 Jul 2018 09:00 GMT |
|
Data to be released next week :
Canada wholesale sales, EU consumer confidence, and U.S. national activity index, existing home sales on Monday
Japan Nikkei manufacturing PMI, leading economic index, coincident index, France business climate, Markit manufacturing PMI, Markit services PMI, Germany Markit manufacturing PMI, Markit services PMI, Italy trade balance, EU Markit manufacturing PMI, Markit services PMI, UK CBI industry trends survey, and U.S. redbook, monthly home price, Markit manufacturing PMI, Markit services PMI, Richmond Fed man ...
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MARKET MOVING NEWS
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All times in GMT |
| 20 Jul 2018 |
12:49 |
USD/MAJORS... Breaking news, U.S. President Donald Trump tweets :
- China, the European Union and others have been manipulating their currencies and interest rates lower, while the U.S. is raising rates while the dollars gets stronger and stronger with each passing day - taking away our big competi..... |
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| 20 Jul 2018 |
12:42 |
EUR/GBP - 0.8845... Reuters news, EU Brexit negotiator Barnier says :
- several elements in UK white paper that open way to constructive discussion
- positive in UK white paper is guarantee to defend fundamental human rights
- this will make exchange of data between UK and EU easier
- needs to asce..... |
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| 20 Jul 2018 |
12:30 |
USD/CAD - 1.3175... Reuters reported Canada's annual inflation rate in June rose to 2.5 percent as prices in seven of the eight major components increased year-over-year, Statistics Canada said on Friday.
..... |
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| News items above are time-delayed, to get the latest news, please try our Trial offer. |
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ECONOMIC INDICATORS FOR 20/07/2018 |
All times in GMT |
| Time |
Country |
Indicator |
Actual |
Forecast |
Range |
Previous |
Revised |
|
| 2330 |
Japan |
National CPI YY - Jun |
0.7% |
0.8% |
N/A |
0.7% |
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| 2330 |
Japan |
National Core CPI YY - Jun |
0.8% |
0.8% |
0.8/0.9 |
0.7% |
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| 0430 |
Japan |
All Ind. Activity Index MM-May |
+0.1% |
0.0% |
N/A |
1.0% |
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| 0600 |
Germany |
Producer Prices MM - Jun |
0.3% |
0.3% |
0.0/0.4 |
0.5% |
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|
| 0600 |
Germany |
Producer Prices YY - Jun |
3.0% |
2.9% |
2.8/3.1 |
2.7% |
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| 0800 |
EU |
Current Account nsa EUR - May |
22.0B |
N/A |
N/A |
29.6B |
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| Update Time: 20 Jul 2018 08:07 GMT |
USD/JPY - 112.43 |
Despite the greenback's rise yesterday to a fresh 6-month peak at 113.14, subsequent selloff to 112.07 in New York afternoon on U.S. President Donald Trump's comments suggests medium-term upmove has made a temporary top there and consolidation with downside bias remains for weakness towards 111.70/72, however, loss of downward momentum would keep price above 111.50/54 n yield rebound later.
On the upside, only above 113.17 would revive bullishness for gain towards 113.50/55 but over bought condition would keep price below 114.00 and yield a much-needed correction later this week. |
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DAILY GBP/USD TECHNICAL OUTLOOK |
All times in GMT |
| Last Update At 20/07/2018 00:40 GMT |
| Trend Daily Chart |
Daily Indicators |
21 HR EMA |
55 HR EMA |
| Down |
Bullish convergences |
1.3020 |
1.3059 |
| Trend Hourly Chart |
Hourly Indicators |
13 HR RSI |
14 HR DMI |
| Sideways |
Bullish convergences |
47 |
0 |
| Daily Analysis |
| Consolidation with upside bias |
| Resistance |
Support |
1.3181 - Tue's hourly res
1.3103 - Last Fri's low (now res)
1.3083 - Y'day's high | 1.2958 - Y'day's low
1.2934 - 50% r of 1.1491 to 1.4377
1.2908 - Aug 31 low (2017) |
| . GBP/USD - 1.3016.. Although cable met renewed selling y'day at European
n tumbled on poor UK retail sales data, price hit an 11-month low of 1.2958 b4
staging a short-covering rebound to 1.3049 in NY after Trump's comments.
. Looking at the bigger picture, cable's rally fm 2016 31-year bottom at 1.14
91 caused by a 'flash crash' on Brexit worries to 1.3659 (Sep 2017) confirms
major l..... |
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