Daily FX & Market Commentary 1
Market Overview US The Government shutdown extended into new year with little sign of progress. Equities around the world rose on Monday as possible progress in trade dispute between the United States and China. The U.S. benchmark S&P 500 stock index advanced in light trading volume. Asia Pacific China's consumption tax revenue was up 16.3% year-to-date. However, from September, it collapsed. Value-added tax revenue has also turned negative in the past three months. All this is a sign that the economy's deterioration is more rapid and pronounced than the government has let on. Australian house prices posted worst housing prices results since 2008. The S&P 500 dropped more than 6 percent for the year, biggest drop since 2008 financial crisis. Above sources are cited from www.reuters.com/ 2
Trading Strategy Trading Strategy (4 Hour Chart) EUR/USD 14 20 50 100 Moving Average / 1.142 1.1414 1.1387 RSI 60.7 / / / Comments: EUR/USD is fluctuating on a tight zone above 1.14 figure 1.148 for the past week, a crucial price would be at 1.15 on the above, a breakout from this price range may result in a large movement. DXY is on 96.15 backing from the 97.5 high, due to recent outflow of USD capital as FED chair comment on potential rate hike in 2019. 3
Trading Strategy Trading Strategy (con t) (4 Hour Chart) USD/JPY 14 20 50 100 Moving Average / 110.45 111.02 112.05 RSI 29.62 / / / 4
Trading Strategy Trading Strategy (con t) (4 Hour Chart) XAU/USD 14 20 50 100 Moving Average / 1277.42 1266.14 1254.72 RSI 58.25 / / / 5
Client Trade Data Economic Calendar Coming Key Indicator release This week Date (GMT+0800) Time (RMT+0800) Currency Indicator / Events Pervious Consensus Actual Mon, 24/12/2018 31/12/2018 09.00 - CNY JPY Japan Manufacturing Emperor Birthday, PMI (Dec) Holiday 50.0 50.0 49.4 - Tue, 25/12/2018 1/1/2019 - AUD, CAD, NZD, EUR, GBP, CHF, - USD New Christmas Year s day, Day Holiday Wed, 26/12/2018 2/1/2018 09.45 AUD, CAD, CNY EUR, Caixin Manufacturing PMI (Dec) 50.2 50.3 Boxing Day, Holiday 16.55 NZD, EUR GBP German Manufacturing PMI (Dec) 51.5 51.5 Thur, 27/12/2018 21.30 22.45 USD Manufacturing Initial Jobless PMI Claims (Dec) 214K 53.9 219K 53.9 216K Thur, 3/1/2018 21.00 17.30 EUR GBP German Construction CPI (MoM)(Dec) PMI (Dec) 0.1% 53.4 0.3% 52.9 Fri, 28/12/2018 23.00 21.15 USD Pend Pending ADP NonFarm Home Employment Sales (MoM) (Nov) -2.6% 179K 180K 0.5% 16.55 EUR German Unemployment Change -16K -13K Fri, 4/1/2018 18.00 EUR CPI (YoY)(Dec) 1.9% 1.8% 21.30 USD Nonfarm Payrolls (Dec) 155K 181K 21.30 CAD Employment Change 94.1K 5.0K 6
Daily Range FX & Commodity Technical Room Last Trade day Performance (31 st Dec,2018) Currency (GMT +0800) Open High Low Close Dollar Index 96.152 96.322 95.648 96.085 USD/CNH 6.8706 6.8822 6.8674 6.8718 EUR/USD 1.1467 1.1468 1.1413 1.1465 USD/JPY 109.69 110.03 109.57 109.74 GBP/USD 1.2754 1.2831 1.2689 1.274 USD/CHF 0.9833 0.9881 0.9785 0.9816 AUD/USD 0.7049 0.7075 0.7022 0.7053 NZD/USD 0.6719 0.6843 0.67 0.6717 USD/CAD 1.3637 1.3698 1.3519 1.3629 AUD/NZD 1.0498 1.0517 1.0376 1.0503 XAU/USD 1282.49 1282.62 1282.49 1282.6 BTC/USD 3674.18 3745.6 3645.66 3720.6 XRP/USD 0.3458 0.3598 0.3445 0.3558 7
Disclaimer The BYFX Global Co., Limited has made every attempt to ensure the accuracy and reliability of the information provided in this material. However, the information is provided on as is basis without warranty of any kind. The Company does not accept any responsibility or liability for the accuracy, content, completeness, legality or reliability of the information contained in this material. No warranties, guarantee and/or representations of any kind, expressed or implied and of whatsoever nature, are given as to the nature, standard, accuracy or otherwise of the information provided in this material nor to the suitability or otherwise of the information to your particular circumstances. All the materials and/or information, unless otherwise stated, be the property of the Company. These materials and/or information are protected by copyright and other intellectual property laws. Information received through this material and/or any other information provided by the Company and/or its staff may be displayed or printed for your personal and non-commercial use only. You cannot reproduce or retransmit or copy the materials, in whole or in part, in any manner, without the prior written consent of the Company and the Company reserves their rights to claim against you for any infringement of the intellectual rights hereof. Copyright 2018 BYFX Global Co., Limited. All rights reserved 8