Daily FX & Market Commentary 1
Market Overview US The U.S. Senate shifted slightly closer on Tuesday to resolving a month-long partial government shutdown, Republican Senate majority laid the groundwork for a vote on Thursday to fund the Government for three weeks. Asia Pacific The Financial Times, reported earlier on Tuesday that the Trump administration had rejected an offer from China. However, a top economic adviser to U.S. President Donald Trump, cited that the story wasn t true. US stocks ended lower on Tuesday, as gloomy global economic outlook and disappointing economic and company data. UK & EU The new forecast from IMF was released on the eve Davos first day, the world economic forum will take the spotlight of the market this week. The Brexit impasse in parliament by proposing to prevent customs checks on Irish Border. Above sources are cited from www.reuters.com/ 2
Trading Strategy Trading Strategy (4 Hour Chart) EUR/USD 14 20 50 100 Moving Average / 1.1374 1.1418 1.1428 RSI 42.9 / / / Comments: EUR/USD continued to break a low over the last week, reaching around 1.1335. However, the low each day is only broken through for a minimal range, instead of a clear break. Investors and traders are probably eyeing on the World Economic Forum, before they build positions again. Crucial price range on the above is 1.14 3
Trading Strategy Trading Strategy (con t) (4 Hour Chart) USD/JPY 14 20 50 100 Moving Average / 109.52 108.90 108.82 RSI 58.17 / / / 4
Trading Strategy Trading Strategy (con t) (4 Hour Chart) XAU/USD 14 20 50 100 Moving Average / 1283.4 1288.19 1287.2 RSI 47.1 / / / 5
Client Trade Data Economic Calendar Coming Key Indicator release This week Date (GMT+0800) Mon, 21/01/2019 Time (RMT+0800) Currency Indicator / Events Pervious Consensus Actual CNY GDP (YoY) Q4 6.5% 6.4% 6.4% CNY Retail Sales (YoY) (Dec) 8.1% 8.2% 8.2% 15.00 EUR German PPI (MoM) (Dec) 0.1% -0.2% -0.4% Tue, 22/01/2019 17.30 GBP Average Earnings Infex + Bonus (Nov) 3.3% 3.3% 3.4% 07.50 JPY Trade Balance (Dec) -738 B -30 B -55 B Wed, 23/01/2019 Tentative JPY BOJ Outlook Report 22.00 CAD Core Retail Sales (MoM) ((Nov) 0.0% -0.5% 08.30 AUD Employment Change (Dec) 37.0K 16.5K Thur, 24/01/2019 16.30 EUR German Manufacturing PMI (Jan) 51.5 51.3 17.00 EUR Manufacturing PMI (Jan) 51.4 51.4 22.45 USD Manufacturing PMI (Jan) 53.8 53.5 Fri, 25/01/2019 21.30 USD Core Durable Goods Orders (MoM)(Dec) 0.4% 0.2% 6
Daily Range FX & Commodity Technical Room Last Trade day Performance (22 nd Jan,2019) Currency (GMT +0800) Open High Low Close Dollar Index 96.337 96.484 96.217 96.303 USD/CNH 6.8012 6.8188 6.7989 6.8157 EUR/USD 1.1365 1.1374 1.1336 1.136 USD/JPY 109.67 109.7 109.15 109.37 GBP/USD 1.2893 1.2975 1.2856 1.2954 USD/CHF 0.9972 0.9986 0.9961 0.9973 AUD/USD 0.7159 0.716 0.7116 0.7124 NZD/USD 0.6733 0.6755 0.6707 0.6751 USD/CAD 1.3294 1.3358 1.3294 1.3355 AUD/NZD 1.0632 1.0646 1.0546 1.0553 XAU/USD 1280.47 1285.59 1277.5 1285.22 BTC/USD 3521.03 3611.22 3436.4 3574.52 XRP/USD 0.3158 0.3204 0.306 0.3174 7
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