Market Overview. Indices Week Close LTP Change NASDAQ DOW JONES NIKKEI

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Dominic Stevenson
5 years ago
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1 Forex Weekly Report Powered by Future Investment Monday 28 Jan 2019 Market Overview This week investors will be focusing on the Federal Reserve s first meeting of the year, as well as an expected update on the U.S. fourth quarter growth and Friday s closely watched U.S. government employment report for January. The ongoing trade negotiations between the U.S. and China will also be in the spot light. The U.S. Dollar fell to a more than one-week low on Friday after Trump announced a tentative agreement with lawmakers to end a partial U.S. government shutdown for three weeks. Late Friday, the U.S. dollar index was down 0.86% at 95.47, the weakest level since Jan. 15, for a weekly decline of 0.55%. On Thursday, the index hit a three-week high of The Euro (EUR) rebounded on Friday, steadying after a dovish European Central Bank president failed to alter an already downbeat assessment on the euro zone s economy. ECB President Mario Draghi warned on Thursday a dip in the euro zone s economy could be more pronounced than thought a few weeks ago, comments seen as signaling a delay in the bank s first interest rate hike. Sterling (GBP) meanwhile, hit a more than three-month high against the U.S. currency after a report in the Sun newspaper that Northern Ireland s Democratic Unionist Party had privately decided to offer conditional backing for British Prime Minister Theresa May s Brexit deal next week. US DOLLAR FUNDAMENTAL FORECAST: NEUTRAL US Dollar may not capitalize on firm data flow, status quo Fed Data from China and the Eurozone, Brexit vote menace markets US-China trade war talks a wildcard as China s Liu visits DC AUSTRALIAN DOLLAR FUNDAMENTAL FORECAST: NEUTRAL AUD couldn t capitalize on jobs report beat, NAB preempted a future rise in borrowing costs Until the next RBA rate decision in February, Aussie Dollar may focus on external news more Major volatility may stem from the U.S. Fed, GDP, nonfarm payrolls and PCE inflation data The Australian Dollar struggled this past week to maintain gains following a better-thanexpected domestic jobs report. Even though the unemployment rate ticked down to its lowest in over seven years, the labor force participation rate edged down. That might have been due to discouraged workers exiting the labor force which is not necessarily the most optimal scenario. Indices Week Close LTP Change NASDAQ DOW JONES NIKKEI HANGSENG Currencies Week Close LTP Change DXY EURUSD GBPUSD AUDUSD AUDNZD USDCHF USDCAD USDJPY EURJPY GBPJPY

BELOW 1.3215, TARGET 1.3165 /1.3140, SL 1.

2 EURUSD USDCAD Weekly Strategy : LONG EUR/USD ABOVE , TARGET /1.1506, SL Weekly Strategy : SHORT USD/CAD BELOW , TARGET /1.3140, SL EURJPY GBPUSD Weekly Strategy : LONG EUR/JPY ABOVE , TARGET 125.5/125.8, SL Weekly Strategy : LONG GBP/USD ABOVE TARGET / SL

Currency Weekly Technical Report Jan I 28 th 2019 Currency Trend S2 S1 LTP R1 R2 EURUSD Sideways 1.1280 1.1305 1.1410 1.1426 1.1468 GBPUSD Bullish 1.3100 1.3128 1.3150 1.3216 1.3250 USDCHF Bearish 0.

3 Currency Weekly Technical Report Jan I 28 th 2019 Currency Trend S2 S1 LTP R1 R2 EURUSD Sideways GBPUSD Bullish USDCHF Bearish USDJPY Sideways USDCAD Sideways AUDUSD Bullish EURGBP Bearish AUDNZD Sideways GBPCHF Bullish EURCAD Neutral CHFJPY Neutral EURAUD Neutral EURNZD Neutral

4 FOREX TRACKSHEET JANUARY, 2019 DATE CURRENCY PAIR POSITION ENTRY PRICE TGT 1 TGT 2 SL STATUS Profit/Loss in Pips 2/1/2019 GBP/CHF SELL TARGET 39 2/1/2019 USD/CHF BUY TARGET 22 3/1/2019 GBP/CAD SELL STOP LOSS -45 4/1/2019 AUD/NZD BUY TARGET 40 4/1/2019 CAD/CHF BUY TARGET 70 4/1/2019 EUR/USD BUY STOP LOSS -30 4/1/2019 GBP/USD BUY STOP LOSS -30 7/1/2019 AUD/NZD BUY TARGET 35 7/1/2019 CAD/CHF BUY TARGET 25 7/1/2019 EUR/CAD SELL TARGET 40 7/1/2019 EUR/USD BUY TARGET 24 7/1/2019 CAD/JPY BUY TARGET 48 8/1/2019 NZD/JPY BUY STOP LOSS -30 8/1/2019 AUD/JPY BUY TARGET 30 8/1/2019 SGD/JPY SELL TARGET 12 9/1/2019 EUR/GBP BUY TARGET 34 9/1/2019 GBP/USD SELL STOP LOSS -70 9/1/2019 EUR/USD SELL STOP LOSS -35 9/1/2019 USD/CAD SELL TARGET 18 9/1/2019 AUD/USD BUY TARGET 35 10/1/2019 NZD/CAD BUY TARGET 30 10/1/2019 USD/CHF BUY TARGET 20 10/1/2019 NZD/USD BUY TARGET 18 10/1/2019 AUD/USD BUY TARGET 47 10/1/2019 USD/CAD SELL STOP LOSS /1/2019 EUR/USD SELL TARGET 17 14/1/2019 GBP/USD BUY TARGET 47 15/1/2019 USD/CHF BUY TARGET /1/2019 USD/JPY BUY STOP LOSS /1/2019 USD/CHF BUY TARGET 46

5 16/1/2019 EUR/GBP SELL Profit Booked 10 17/1/2019 EUR/CHF BUY TARGET 17 17/1/2019 GBP/CHF BUY TARGET 25 17/1/2019 GBP/USD BUY TARGET 54 17/1/2019 GBP/JPY BUY TARGET 40 18/1/2019 USD/CAD SELL STOP LOSS /1/2019 EUR/USD SELL STOP LOSS -10 Net Profit in PIPS 497 ECONOIMIC DATA FOR THE WEEK Date Currency Data Forecast Previous 28 Jan, 2019 EUR ECB President Draghi Speaks Jan, 2019 USD CB Consumer Confidence Jan, 2019 AUD CPI q/q 0.4% 0.4% 31 Jan, 2019 USD FOMC Statement Jan, 2019 CAD GDP m/m - 0.3% 1 Feb, 2019 USD Unemployment Rate 3.8% 3.9%

Market Overview. Indices Week Open Week Close Change NASDAQ DOW JONES

Market Overview. Indices Week Open Week Close Change NASDAQ DOW JONES FOREX Weekly Report Powered by Future Investment www.futureinvestments.sg Monday 18 th Feb 2019 Market Overview The US dollar rebounded from three year lows against a currency basket on Friday but still