Forex Weekly Report Powered by Future Investment www.futureinvestments.sg Monday 24 Dec 2018 Market Overview Political issues are cropping up everywhere, and it is possible that Europe may see significant leadership turnover just as debt and growth concerns have started to make waves again. To wit, leadership issues will be prevalent starting immediately: Belgium Prime Minister Charles Michael has submitted his letter of resignation: French President Emmanuel Macron may face a no-confidence vote over the gilet jaunes or yellow vests movement : and the Spanish government s ruling mandate has proven weak, and fresh elections could emerges shortly. The US Dollar saw mixed reaction, rising against the pro-risk currencies and falling against the anti-risk ones. US government bond prices rose, reflecting a flight to safety. Sentiment linked crude oil prices also weakened, but not enough to offset gains from yesterday s impressive rally. The Japanese Yen and Swiss France outperformed as carry trades unwound. With that in mind, S&P 500 futures are pointing lower which suggests that Asia Pacific benchmark stocks indexes may end the year another day lower. As such as Japanese Yen may rally as the Australian and New Zealand Dollars fall short. Upcoming year promises to be not easy one. Policymakers will have to deal with slowing economics, deteriorating business climate and consumer sentiment. Looks unlikely that 2019 will become a crisis year for developed countries, having been marked by recession in the USA or Europe. However, during the year, crisis processes may actively brewed. There are some points of weaknesses that are worth to pay attention to next year: Debt burden in EM countries, particularly in China. Consequences and probable development of trade conflicts. Hard lending in developing countries. Tighten of the Fed policy. Stock markets fall could turn into the real economic problems. It is possible that the Dollar will experience some pressure at first, as the markets are confident in more dovish position of the Fed under Trump s pressure. As a whole, the dollar index is capable to develop its growth. Depending on the combination of factors, we could see strengthening by 5-10%. In Asian market, China could have a significant impact on the regional vehicle market and regional economic growth. At the top of list is the trade meeting scheduled to take place between the USA and China at the end of the first quarter. Indices Week Open Week Close Change NASDAQ 5996.75 6285.27 +288.52 DOW JONES 22295.93 23062.27 +766.34 NIKKEI 19785.43 20014.77 +229.34 HANGSENG 25515.40 25504.20-11.2 Currencies Week Open Week Close Change DXY 96.44 95.96-0.48 EURUSD 1.1367 1.1439 +0.0072 GBPUSD 1.2619 1.2694 +0.0075 AUDUSD 0.7031 0.7036 +0.0005 AUDNZD 1.0463 1.0485 +0.0022 USDCHF 0.9948 0.9841-0.0107 USDCAD 1.3599 1.3637 +0.0038 USDJPY 111.19 110.28-0.91 EURJPY 126.39 126.19-0.2 AUDNZD 1.0463 1.0485 +0.0022 GBPJPY 140.22 139.98-0.24
EURUSD USDCHF Weekly Strategy : LONG EUR/USD between 1.4525 1.1440, TARGET 1.5000 / 1.5020, SL 1.1380 Weekly Strategy : SHORT USD/CHF between 0.9830 0.9850, TARGET 0.9790 / 0.9770, SL 0.9890 AUDUSD EURJPY Weekly Strategy : SHORT AUD/USD between 0.7030 0.7040, TARGET 0.6990 / 0.6970, SL 0.7080 Weekly Strategy : SHORT EUR/JPY between 126.20 126.40, TARGET 125.7 / 125.4, SL 126.8
Currency Weekly Technical Report Jan I 1 st 2019 Currency Trend S2 S1 LTP R1 R2 EURUSD Bullish 1.1400 1.1425 1.1439 1.1472 1.5020 GBPUSD Sideways 1.2600 1.2662 1.2694 1.2710 1.2740 USDCHF Bearish 0.9789 0.9825 0.9841 0.9864 0.9890 USDJPY Bearish 109.75 110 110.28 110.54 111.15 USDCAD Bullish 1.3590 1.3608 1.3637 1.3662 1.3700 AUDUSD Sideways 0.6970 0.7015 0.7036 0.7080 0.7120 EURGBP Sideways 0.8960 0.9000 0.9006 0.9062 0.9088 AUDNZD Sideways 1.0430 1.0460 1.0485 1.0525 1.0556 GBPCHF Sideways 1.2400 1.2472 1.2492 1.2517 1.2542 CADCHF Bearish 0.7140 0.7174 0.7209 0.7232 0.7265 GBPAUD Bullish 1.7926 1.8008 1.8035 1.8060 1.8100 EURCAD Bullish 1.5545 1.5574 1.5600 1.5642 1.5700 CHFJPY Bearish 111.65 111.95 112.04 112.32 112.73 NZDCAD Sideways 0.9070 0.9100 0.9139 0.9165 0.9180
FUTURE INVESTMENT FOREX TRACKSHEET - DECEMBER DATE CURRENCY PAIR POSITION ENTRY PRICE TGT SL STATUS Profit in Pips 12/3/2018 AUD/JPY SELL 83.54 83.34 83.74 STOP LOSS -20 12/3/2018 USD/JPY SELL 113.46 113.26 113.66 STOP LOSS -20 12/4/2018 EURAUD BUY 1.5445 1.5492 1.5415 TARGET 47 12/4/2018 AUD/NZD SELL 1.0599 1.0569 1.062 TARGET 30 12/4/2018 EUR/JPY SELL 128.67 128.12 129.05 TARGET 55 12/4/2018 EUR/CHF SELL 1.1331 1.1304 1.1355 TARGET 27 12/5/2018 CAD/CHF SELL 0.7518 0.7478 0.7538 TARGET 40 12/5/2018 AUD/USD SELL 0.729 0.724 0.732 TARGET 50 12/5/2018 NZD/USD SELL 0.6911 0.6881 0.6931 TARGET 30 12/6/2018 EUR/GBP SELL 0.891 0.889 0.893 TARGET 20 12/6/2018 USD/JPY SELL 112.75 112.35 113.1 TARGET 40 12/6/2018 NZD/USD SELL 0.686 0.684 0.688 STOP LOSS -20 12/7/2018 USD/CHF SELL 0.9921 0.9892 0.994 TARGET 29 12/7/2018 CAD/CHF SELL 0.7407 0.7377 0.7427 STOP LOSS -30 12/7/2018 EUR/USD BUY 1.1381 1.141 1.1355 TARGET 29 12/10/2018 USD/JPY BUY 112.75 113.2 112.45 TARGET 45 12/11/2018 EUR/GBP BUY 0.9033 0.9073 0.9002 TARGET 40 12/11/2018 GBP/CHF SELL 1.2416 1.238 1.245 Profit Booked 18 12/12/2018 EUR/CAD SELL 1.5142 1.5122 1.5165 STOP LOSS -23 12/12/2018 USD/CHF BUY 0.9938 0.996 0.9918 TARGET 22 12/13/2018 GBP/CHF BUY 1.255 1.2574 1.2524 TARGET 24 12/13/2018 GBP/JPY BUY 143.26 143.62 142.9 TARGET 36 12/14/2018 AUD/JPY SELL 81.52 81.32 81.72 TARGET 20 12/14/2018 EUR/AUD BUY 1.5806 1.5826 1.5782 Profit Booked 16 12/14/2018 GBP/USD SELL 1.2579 1.2552 1.2608 TARGET 27 12/14/2018 CAD/CHF BUY 0.7452 0.748 0.741 STOP LOSS -42 12/17/2018 USD/CAD BUY 1.3387 1.3417 1.3365 TARGET 30 12/18/2018 GBP/AUD BUY 1.7583 1.7643 1.7545 TARGET 60 12/18/2018 USD/CHF SELL 0.9916 0.9888 0.9946 Profit Booked 11
12/19/2018 EUR/GBP BUY 0.8998 0.9019 0.8972 TARGET 21 12/19/2018 CAD/CHF SELL 0.7366 0.7351 0.7381 Profit Booked 15 12/19/2018 EUR/NZD BUY 1.6635 1.6685 1.6598 TARGET 50 12/20/2018 EUR/GBP BUY 0.9023 0.9048 0.8998 TARGET 25 12/20/2018 CAD/JPY SELL 82.9 82.62 83.1 TARGET 28 12/21/2018 EUR/USD BUY 1.1461 1.1481 1.1439 STOP LOSS -22 12/21/2018 USD/CHF SELL 0.9863 0.9848 0.9881 STOP LOSS -18 12/24/2018 GBP/CHF BUY 1.2595 1.2613 1.257 Cost Exit 0 12/24/2018 EUR/CHF BUY 1.1324 1.1349 1.1296 Profit Booked 17 12/26/2018 EUR/GBP BUY 0.8986 0.9006 0.896 TARGET 20 12/26/2018 USD/CAD BUY 1.3601 1.3621 1.3581 STOP LOSS -20 12/27/2018 EUR/CHF BUY 1.1308 1.1328 1.1284 STOP LOSS -24 12/27/2018 GBP/USD SELL 1.2649 1.2623 1.2669 TARGET 26 12/28/2018 USD/CAD SELL 1.3609 1.3594 1.3626 TARGET 15 12/28/2018 CAD/CHF SELL 0.7225 0.7193 0.725 TARGET 32 Net Profit in Pips 756
Economic Data for The Jan 2019 1 st week Date Time Currency Data Forecast Previous 2 Jan, 2019 9:30am GBP Manufacturing PMI 52.6 53.1 3 Jan, 2019 3:00pm USD ISM Manufacturing PMI 58.2 59.3 4 Jan, 2019 1:30pm CAD Employment Change - 94.1k 4 Jan, 2019 1:30pm USD Unemployment Rate 3.7% 3.7%