Forex Weekly Report Powered by Future Investment www.futureinvestments.sg 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 96.37. 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 6784.61 6787.37 +2.76 DOW JONES 24706.35 24737.20 +30.85 NIKKEI 20773.56 20649-124.56 HANGSENG 27569.19 27576 +6.81 Currencies Week Close LTP Change DXY 95.79 95.75-0.04 EURUSD 1.1404 1.1416 +0.0012 GBPUSD 1.3198 1.3177-0.0021 AUDUSD 0.7178 0.7182 +0.0004 AUDNZD 1.0492 1.0844-0.0352 USDCHF 0.9930 0.9924-0.0006 USDCAD 1.3215 1.3251 +0.0036 USDJPY 109.53 109.43-0.1 EURJPY 124.93 124.94 +0.0001 GBPJPY 144.57 144.17-0.4
EURUSD USDCAD Weekly Strategy : LONG EUR/USD ABOVE 1.1426, TARGET 1.1486/1.1506, SL 1.1370 Weekly Strategy : SHORT USD/CAD BELOW 1.3215, TARGET 1.3165 /1.3140, SL 1.3265 EURJPY GBPUSD Weekly Strategy : LONG EUR/JPY ABOVE 125.00, TARGET 125.5/125.8, SL 124.5 Weekly Strategy : LONG GBP/USD ABOVE 1.3217 TARGET 1.3297/1.3327 SL 1.3145
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 0.9900 0.9920 0.9928 0.9934 0.9945 USDJPY Sideways 109.1 109.26 109.49 109.7 109.95 USDCAD Sideways 1.3180 1.3202 1.3231 1.3245 1.3267 AUDUSD Bullish 0.7145 0.7160 0.7173 0.7203 0.7225 EURGBP Bearish 0.8625 0.8650 0.8675 0.8680 0.8700 AUDNZD Sideways 1.0460 1.0472 1.0489 1.0508 1.0522 GBPCHF Bullish 1.3000 1.3025 1.3051 1.3060 1.3080 EURCAD Neutral 1.5070 1.5100 1.5108 1.5128 1.5170 CHFJPY Neutral 109.75 110 110.30 110.6 111 EURAUD Neutral 1.5870 1.5900 1.5918 1.5920 1.5970 EURNZD Neutral 1.6608 1.6650 1.6694 1.6700 1.6720
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 1.2509 1.248 1.247 1.2546 TARGET 39 2/1/2019 USD/CHF BUY 0.9838 0.986 0.987 0.9815 TARGET 22 3/1/2019 GBP/CAD SELL 1.7081 1.7038 1.7017 1.7126 STOP LOSS -45 4/1/2019 AUD/NZD BUY 1.0506 1.0536 1.0546 1.0476 TARGET 40 4/1/2019 CAD/CHF BUY 0.7346 0.7416-0.73 TARGET 70 4/1/2019 EUR/USD BUY 1.1412 1.1442 1.1452 1.1382 STOP LOSS -30 4/1/2019 GBP/USD BUY 1.2653 1.2683 1.2693 1.2623 STOP LOSS -30 7/1/2019 AUD/NZD BUY 1.0579 1.0604 1.0614 1.055 TARGET 35 7/1/2019 CAD/CHF BUY 0.7376 0.7401 0.7415 0.735 TARGET 25 7/1/2019 EUR/CAD SELL 1.5237 1.5197 1.5177 1.5283 TARGET 40 7/1/2019 EUR/USD BUY 1.1441 1.1455 1.1465 1.1405 TARGET 24 7/1/2019 CAD/JPY BUY 81.22 81.55 81.7 80.84 TARGET 48 8/1/2019 NZD/JPY BUY 73.46 73.76 73.86 73.16 STOP LOSS -30 8/1/2019 AUD/JPY BUY 77.72 78.02 78.15 77.4 TARGET 30 8/1/2019 SGD/JPY SELL 79.96 79.84-80.13 TARGET 12 9/1/2019 EUR/GBP BUY 0.9006 0.904 0.9055 0.8967 TARGET 34 9/1/2019 GBP/USD SELL 1.2728 1.2658-1.278 STOP LOSS -70 9/1/2019 EUR/USD SELL 1.1455 1.142-1.148 STOP LOSS -35 9/1/2019 USD/CAD SELL 1.3228 1.321-1.3248 TARGET 18 9/1/2019 AUD/USD BUY 0.7171 0.7206-0.7136 TARGET 35 10/1/2019 NZD/CAD BUY 0.8998 0.9028 0.9038 0.896 TARGET 30 10/1/2019 USD/CHF BUY 0.9755 0.9775-0.9726 TARGET 20 10/1/2019 NZD/USD BUY 0.6788 0.6806-0.6768 TARGET 18 10/1/2019 AUD/USD BUY 0.7193 0.724 0.7252 0.7144 TARGET 47 10/1/2019 USD/CAD SELL 1.3195 1.1342-1.325 STOP LOSS -55 11/1/2019 EUR/USD SELL 1.1532 1.1515-1.1548 TARGET 17 14/1/2019 GBP/USD BUY 1.2864 1.2911-1.2815 TARGET 47 15/1/2019 USD/CHF BUY 0.985 0.9904-0.9798 TARGET 0.0054 15/1/2019 USD/JPY BUY 108.74 108.94-108.5 STOP LOSS -24 16/1/2019 USD/CHF BUY 0.9892 0.9938-0.9846 TARGET 46
16/1/2019 EUR/GBP SELL 0.8854 0.8814 0.8794 0.8894 Profit Booked 10 17/1/2019 EUR/CHF BUY 1.1295 1.1312-1.1278 TARGET 17 17/1/2019 GBP/CHF BUY 1.2768 1.2793-1.2742 TARGET 25 17/1/2019 GBP/USD BUY 1.2896 1.295-1.2843 TARGET 54 17/1/2019 GBP/JPY BUY 140.14 140.54-139.75 TARGET 40 18/1/2019 USD/CAD SELL 1.3259 1.3243-1.3276 STOP LOSS -17 18/1/2019 EUR/USD SELL 1.139 1.137-1.14 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 - - 29 Jan, 2019 USD CB Consumer Confidence 125.0 128.1 30 Jan, 2019 AUD CPI q/q 0.4% 0.4% 31 Jan, 2019 USD FOMC Statement - - 31 Jan, 2019 CAD GDP m/m - 0.3% 1 Feb, 2019 USD Unemployment Rate 3.8% 3.9%