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Author Topic: Daily Forex Analysis from FidelisCM
FidelisCM
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Posts: 25
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FidelisCM
Post Daily Forex Analysis from FidelisCM
on: March 20, 2017, 13:28
Quote

The main events on March 20, 2017

The dollar fell in Asia on Monday with concerns over comments made at the weekend at a meeting of finance ministers from leading economies that highlighted a lack of cohesion on global trade policies.

Markets in Japan are shut for a holiday. AUD/USD traded at 0.7712, up 0.09%, while USD/JPY changed hands at 112.58, down 0.10% and GBP/USD was quoted at 1.2388, down 0.06%.

The U.S. dollar index eased 0.09% to 100.05.

Gold prices rose slightly in Asia on Monday with the focus ahead on Fed policymaker comments this week.

Gold inched up 0.02% to $1,230.40 a troy ounce.

Crude prices fell further in Asia on Monday as the supply response of U.S. shale drillers to coordinated output cuts by OPEC and key producers and headlines from the G-20 meeting of finance ministers in Germany at the weekend dampening sentiment.

WTI crude contract fell 0.69% to $48.97 a barrel.

Brent oil dropped 0.54% to $51.48 a barrel.

News for Today:

Canada is to release data on wholesale sales.

Chicago Fed President Charles Evans is to speak about current economic conditions and monetary policy at the National Association for Business Economics luncheon in New York.

Overnight:

The Reserve Bank of Australia is to publish the minutes of its latest monetary policy meeting, giving investors insight into how officials view the economy and their policy options.

Main Events of the week:

Tuesday, March 21

The U.K. is to release a report on consumer price inflation.

Canada is to release figures on retail sales.

New York Fed President William Dudley, Kansas City Fed President Esther George and Cleveland Fed President Loretta Mester are all due to make public appearances.

Wednesday, March 22

The National Association of Realtors is to release data on U.S. existing home sales for February.

Thursday, March 23

The Reserve Bank of New Zealand is to announce its benchmark interest rate and publish a policy statement which outlines economic conditions and the factors affecting the monetary policy decision.

The UK is to produce data on retail sales.

The US is to release the weekly report on jobless claims as well as data on new home sales.

Later, Fed Chair Janet Yellen is to deliver opening remarks at the Federal Reserve System Community Development Research Conference, in Washington DC.

Minnepolis Fed President Neel Kashkari at Strong Foundations Conference and Dallas Fed President Rob Kaplan are also on tap.

Friday, March 24

New Zealand is to report on the trade balance.

The euro zone is to publish survey data on private sector business activity.

Canada is to release inflation figures.

The U.S. is to round up the week with a report on durable goods orders.

EUR/USD Intraday: continuation of the rebound.

Our preference: long positions above 1.0730 with targets at 1.0780 & 1.0810 in extension.

Alternative scenario: below 1.0730 look for further downside with 1.0705 & 1.0680 as targets.

Comment: the RSI calls for a new upleg.

Supports and resistances:

1.0850 ***

1.0810 **

1.0780 ***

1.0752 Last

1.0730 ***

1.0705 **

1.0680 ***

Image

Review provided by broker Fidelis Capital Markets

FidelisCM
Beginner
Posts: 25
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FidelisCM
Post Re: Daily Forex Analysis from FidelisCM
on: March 21, 2017, 12:58
Quote

The main events on March 21, 2017

- The dollar trended weaker in Asia on Tuesday with the Fed squarely in focus as policymaker speeches loom, though an extraordinary day of news about Russian meddling in the presidential election raised political risk.
- The U.S. dollar index eased 0.14% to 100.02. USD/JPY changed hands at 112.60, up 0.04%, while AUD/SUD traded at 0.7719, down 0.16% despite minutes of the Reserve Bank of Australia's March policy meeting that reinforced market views that policy bias was neutral to a hike as the next move.
- Gold prices dipped in Asia on Tuesday with sentiment on the outlook for Fed rate hikes driving the market, though an extraordinary day of news about Russian meddling in the presidential election raised political risk. Gold fell 0.15% to $1,232.15 a troy ounce.
- Oil prices rose on Tuesday on expectations that an OPEC-led production cut to prop up the market could be extended, while strong demand would also work to slowly erode a global fuel supply overhang.
- Brent crude up 24 cents, or 0.5 percent, from their last close at $51.86 per barrel.
- WTI were up 13 cents, or 0.3 percent, at $48.35 a barrel.

News for Today:
The U.K. is to release a report on consumer price inflation.
Canada is to release figures on retail sales.
New York Fed President William Dudley, Kansas City Fed President Esther George and Cleveland Fed President Loretta Mester are all due to make public appearances.

Main Events of the week:

Wednesday, March 22
The National Association of Realtors is to release data on U.S. existing home sales for February.

Thursday, March 23
The Reserve Bank of New Zealand is to announce its benchmark interest rate and publish a policy statement which outlines economic conditions and the factors affecting the monetary policy decision.
The UK is to produce data on retail sales.
The US is to release the weekly report on jobless claims as well as data on new home sales.
Later, Fed Chair Janet Yellen is to deliver opening remarks at the Federal Reserve System Community Development Research Conference, in Washington DC.
Minnepolis Fed President Neel Kashkari at Strong Foundations Conference and Dallas Fed President Rob Kaplan are also on tap.

Friday, March 24
New Zealand is to report on the trade balance.
The euro zone is to publish survey data on private sector business activity.
Canada is to release inflation figures.
The U.S. is to round up the week with a report on durable goods orders.

EUR/USD Intraday: the upside prevails.

Our preference: long positions above 1.0725 with targets at 1.0780 & 1.0810 in extension.
Alternative scenario: below 1.0725 look for further downside with 1.0705 & 1.0680 as targets.
Comment: the RSI shows upside momentum.

Supports and resistances:
1.0850 ***
1.0810 **
1.0780 ***
1.0750 Last
1.0725 ***
1.0705 ***
1.0680 ***

Image

Review provided by broker Fidelis Capital Markets

FidelisCM
Beginner
Posts: 25
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FidelisCM
Post Re: Daily Forex Analysis from FidelisCM
on: March 22, 2017, 10:59
Quote

The main events on March 22, 2017

- The dollar drifted mostly weaker in Asia on Wednesday as markets noted views from a key Fed policymaker on the interest rate outlook and mulled stronger than expected Japan trade figures. The U.S. dollar index was quoted flat at 99.55. USD/JPY fell 0.07% to 111.64. AUD/USD traded at 0.7671, down 0.26%, while GBP/USD was flat at 1.2479.
- Gold prices dipped in Asia on Wednesday despite hawkish comments on the rate outlook by a Fed policymaker.
Gold fell 0.10% to $1,245.25 a troy ounce.
- Crude prices held weaker in Asia on Wednesday after industry estimates showed a sharp gain in U.S. inventories and investors showed caution after an apparent missile test by North Korea. WTI fell 0.19% to $48.15 a barrel, while Brent eased 0.20% to $50.86 a barrel.

News for Today:
The National Association of Realtors is to release data on U.S. existing home sales for February.

Overnight:
The Reserve Bank of New Zealand is to announce its benchmark interest rate and publish a policy statement which outlines economic conditions and the factors affecting the monetary policy decision.

Main Events of the week:

Thursday, March 23
The UK is to produce data on retail sales.
The US is to release the weekly report on jobless claims as well as data on new home sales.
Later, Fed Chair Janet Yellen is to deliver opening remarks at the Federal Reserve System Community Development Research Conference, in Washington DC.
Minnepolis Fed President Neel Kashkari at Strong Foundations Conference and Dallas Fed President Rob Kaplan are also on tap.

Friday, March 24
New Zealand is to report on the trade balance.
The euro zone is to publish survey data on private sector business activity.
Canada is to release inflation figures.
The U.S. is to round up the week with a report on durable goods orders.

EUR/USD Intraday: bullish bias above 1.0780.

Our preference: long positions above 1.0780 with targets at 1.0820 & 1.0850 in extension.
Alternative scenario: below 1.0780 look for further downside with 1.0750 & 1.0725 as targets.
Comment: the RSI is mixed to bullish.

Supports and resistances:
1.0875 **
1.0850 ***
1.0820 ***
1.0813 Last
1.0780 ***
1.0750 ***
1.0725 ***

Image

Review provided by broker Fidelis Capital Markets

FidelisCM
Beginner
Posts: 25
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FidelisCM
Post Re: Daily Forex Analysis from FidelisCM
on: March 23, 2017, 11:06
Quote

The main events on March 23, 2017

- The dollar edged up from four-month lows against the yen on Thursday, but gains were capped by U.S. President Donald Trump's struggle to push through a healthcare bill.
- The dollar was up 0.15 percent at 111.350 yen , enjoying a bit of respite after sliding to a four-month low of 110.735 on Wednesday, when it fell for the seventh straight session.
- The euro was little changed at $1.0792 after advancing to a seven-week high of $1.0825 overnight.
- The pound was effectively flat at $1.2482 and in reach of a one-month high of $1.2507 scaled on Wednesday.
- The Australian dollar was down 0.3 percent at $0.7657.
- The New Zealand dollar was steady at $0.7041.
- Gold prices eased in Asia on Thursday in a light regional data day as markets look to U.S. politics over healthcare for risk direction with a key vote expected in Congress.
- Gold eased 0.29% to $1,246.05 a troy ounce.
- Oil prices recovered on Thursday from losses chalked up the session before, but the market remained under pressure as bloated U.S. crude inventories and rising output dampen OPEC-led efforts to curb global production.
- Brent trading at $50.99 per barrel, up 35 cents, or 0.7 percent, from their last close. That came after Brent briefly dipped below $50 a barrel on Wednesday for the first time since November.
- WTI up 37 cents, or 0.8 percent, at $48.41 a barrel, after testing support at $47 overnight.

News for Today:
- The UK is to produce data on retail sales.
- The US is to release the weekly report on jobless claims as well as data on new home sales.
- Later, Fed Chair Janet Yellen is to deliver opening remarks at the Federal Reserve System Community Development Research Conference, in Washington DC.
- Minnepolis Fed President Neel Kashkari at Strong Foundations Conference and Dallas Fed President Rob Kaplan are also on tap.

Overnight:
- New Zealand is to report on the trade balance.

Main Events of the week:

Friday, March 24
The euro zone is to publish survey data on private sector business activity.
Canada is to release inflation figures.
The U.S. is to round up the week with a report on durable goods orders.

EUR/USD Intraday: under pressure.

Our preference: short positions below 1.0825 with targets at 1.0770 & 1.0750 in extension.
Alternative scenario: above 1.0825 look for further upside with 1.0850 & 1.0875 as targets.
Comment: a break below 1.0770 would trigger a drop towards 1.0750.

Supports and resistances:
1.0875 **
1.0850 ***
1.0825 ***
1.0799 Last
1.0770 ***
1.0750 ***
1.0730 ***

Image

Review provided by broker Fidelis Capital Markets

FidelisCM
Beginner
Posts: 25
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FidelisCM
Post Re: Daily Forex Analysis from FidelisCM
on: March 24, 2017, 10:45
Quote

The main events on March 24, 2017

- The dollar edged up against the yen and euro on Friday, pulling away from recent lows, but gains were capped as investors focused on a showdown between U.S. President Donald Trump and members of his own party over a new healthcare bill.
- The Australian dollar fell to an eight-day low of $0.7610 following a decline in the price of iron ore, the country's key export product.
The dollar was up 0.35 percent at 111.340 yen , pulling back from a four-month low of 110.620 struck overnight.
The dollar index was up 0.2 percent at 99.941.
The euro slipped 0.2 percent to $1.0765.
The pound was down 0.3 percent at $1.2490.
- Gold for April delivery on the Comex division of the New York Mercantile Exchange fell 0.28% to $1,243.75 a troy ounce
- Oil prices edged up on Friday, supported by a fall in Saudi exports to the United States, but overall markets remained under pressure on the back of a world market awash with fuel.
Brent were at $50.63 per barrel at 0343 GMT, up 7 cents from their last close.
WTI were up 12 cents at $47.82 a barrel.

News for Today:
- The euro zone is to publish survey data on private sector business activity.
- Canada is to release inflation figures.
- The U.S. is to round up the week with a report on durable goods orders.

EUR/USD Intraday: the downside prevails.
Pivot: 1.0795

Our preference: short positions below 1.0795 with targets at 1.0750 & 1.0730 in extension.
Alternative scenario: above 1.0795 look for further upside with 1.0825 & 1.0850 as targets.
Comment: the RSI is mixed to bearish.

Supports and resistances:
1.0850
1.0825
1.0795
1.0768 Last
1.0750
1.0730
1.0705

Image

Review provided by broker Fidelis Capital Markets

FidelisCM
Beginner
Posts: 25
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FidelisCM
Post Re: Daily Forex Analysis from FidelisCM
on: March 27, 2017, 11:28
Quote

The main events on March 27, 2017

The dollar fell to its lowest level against the yen since late November in Asia on Monday on heightened political risk concerns as a Republican-controlled Congress and presidency are in focus to deliver on economic plans for tax cuts and spending following a failed effort to reform healthcare.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, dropped 0.47% to 99.12.

USD/JPY changed hands at 110.36, down 0.91%, while AUD/USD traded at 0.7624, flat. GBP/USD traded at 1.2520, up 0.38%.

Gold prices gained in early Asia on Monday as investors see a week of political risk events, including Britain's move to formally start its break from the European Union. Gold rose 0.73% to $1,252.90

Oil prices fell on Monday as rising U.S. drilling activity outweighed talks that an OPEC-led production cut initially due to end in mid-2017 may be extended. Brent eased 22 cents, or 0.4 percent, from their last close to $50.58 per barrel. WTI down 32 cents, or 0.7 percent, at $47.65 a barrel.

News for Today:
The Ifo Institute is to report on German business climate.
Federal Reserve Bank of Chicago President Charles Evans and Dallas Fed President Robert Kaplan are both to speak.

Main Events of the week:

Tuesday, March 28
The U.S. is to release data on consumer confidence.
Bank of Canada Governor Stephen Poloz is to speak.
Dallas Fed President Robert Kaplan is to speak.

Wednesday, March 29
The UK is to publish data on net lending.
Chicago Fed President Charles Evans is to speak.
The U.S. is to release a report on pending homes sales.

Thursday, March 30
In the euro zone, Germany and Spain are to release preliminary data on inflation.
Canada is to publish figures on raw material price inflation.
The U.S. is to release revised data on fourth quarter growth along with the weekly report on initial jobless claims.

Friday, March 31
Japan is to publish data on household spending and inflation.
New Zealand is to report on business confidence.
China is to release its official manufacturing and services PMI’s.
Germany is to release figures on retail sales and unemployment change. Meanwhile, the euro zone is to publish preliminary data on inflation.
The UK is to report on the current account and release revised data on fourth quarter growth.
The U.S. is to round up the week with data on personal income and spending, a report on manufacturing activity in the Chicago region and revised data on consumer sentiment.

EUR/USD Intraday: the upside prevails.
Our preference: long positions above 1.0810 with targets at 1.0850 & 1.0880 in extension.
Alternative scenario: below 1.0810 look for further downside with 1.0790 & 1.0770 as targets.
Comment: the RSI shows upside momentum.

Supports and resistances:
1.0900
1.0880
1.0850
1.0830 Last
1.0810
1.0790
1.0770

Image

Review provided by broker Fidelis Capital Markets

FidelisCM
Beginner
Posts: 25
Permalink
FidelisCM
Post Re: Daily Forex Analysis from FidelisCM
on: March 28, 2017, 10:57
Quote

The main events on March 28, 2017

-The dollar fell slightly in a light Asian data day with the market in a holding pattern as assessments are reviewed on prospects for a massive U.S. tax cut and major spending plans this year following President Donald Trump's defeat on a repeal and replacement of Obamacare.
-The U.S. dollar index eased 0.02% at 99.01.
-USD/JPY changed hands at 110.63, down 0.02%, while AUD/USD gained 0.16% to 0.7629. GBP/USD traded at 1.2565, up 0.06%.
-Gold prices dipped in Asia on Tuesday as investors mulled renewed demand prospects from China following data that showed China's net-gold imports via main conduit Hong Kong surged 50.8% month-on-month in February. Gold eased 0.19% to $1,253.35 a troy ounce
-Oil prices rose on Tuesday, supported by a weak dollar, but crude continued to be weighed down by surging U.S. production and uncertainty over whether an OPEC-led supply cut is big enough to rebalance the market.
-Brent gained 20 cents from their last close to $50.95 per barrel.
-WTI were up 24 cents at $47.97 a barrel.

News for Today:
-The U.S. is to release data on consumer confidence.
-Bank of Canada Governor Stephen Poloz is to speak.
-Dallas Fed President Robert Kaplan is to speak.

Main Events of the week:

Wednesday, March 29
The UK is to publish data on net lending.
Chicago Fed President Charles Evans is to speak.
The U.S. is to release a report on pending homes sales.

Thursday, March 30
In the euro zone, Germany and Spain are to release preliminary data on inflation.
Canada is to publish figures on raw material price inflation.
The U.S. is to release revised data on fourth quarter growth along with the weekly report on initial jobless claims.

Friday, March 31
Japan is to publish data on household spending and inflation.
New Zealand is to report on business confidence.
China is to release its official manufacturing and services PMI’s.
Germany is to release figures on retail sales and unemployment change. Meanwhile, the euro zone is to publish preliminary data on inflation.
The UK is to report on the current account and release revised data on fourth quarter growth.
The U.S. is to round up the week with data on personal income and spending, a report on manufacturing activity in the Chicago region and revised data on consumer sentiment.

EUR/USD Intraday: bullish bias above 1.0850
Our preference: long positions above 1.0850 with targets at 1.0875 & 1.0895 in extension.
Alternative scenario: below 1.0850 look for further downside with 1.0815 & 1.0790 as targets.
Comment: a support base at 1.0850 has formed and has allowed for a temporary stabilisation.

Supports and resistances:
1.0905
1.0895
1.0875
1.0865 Last
1.0850
1.0815
1.0790

Image

Review provided by broker Fidelis Capital Markets

FidelisCM
Beginner
Posts: 25
Permalink
FidelisCM
Post Re: Daily Forex Analysis from FidelisCM
on: March 29, 2017, 10:47
Quote

The main events on March 29, 2017

-The dollar pulled away from 4-1/2-month lows against a currency basket on Wednesday after solid data backed expectations for more U.S. interest rate hikes this year, while sterling was knocked by Britain triggering its exit from the European Union.
-The dollar index edged up slightly to 99.751. GBP/USD fell 0.39% to 1.2399. AUD/USD traded up 0.16% to 0.7645.
-Gold dipped in Asia on Wednesday with markets awaiting the U.K.'s formal move to start a split from the European Union later in the day, an historic moment that will see British Prime Minister Theresa May outline the end game on areas from trade to defense cooperation.
Gold dipped 0.49% to $1,249.50 a troy ounce.
-Crude prices trimmed earlier gain in Asia on Wednesday an output disruption in Libya and shrugged off a larger than expected build in U.S. inventories as estimated by an industry group and awaited official government figures later in the day. WTI rose 0.25% to $48.49 a barrel, while on London's Intercontinental Exchange, Brent edged up 0.06% at $51.48 a barrel.

News for Today:
-The UK is to publish data on net lending.
-Chicago Fed President Charles Evans is to speak.
-The U.S. is to release a report on pending homes sales.

Main Events of the week:

Thursday, March 30
In the euro zone, Germany and Spain are to release preliminary data on inflation.
Canada is to publish figures on raw material price inflation.
The U.S. is to release revised data on fourth quarter growth along with the weekly report on initial jobless claims.

Friday, March 31
Japan is to publish data on household spending and inflation.
New Zealand is to report on business confidence.
China is to release its official manufacturing and services PMI’s.
Germany is to release figures on retail sales and unemployment change. Meanwhile, the euro zone is to publish preliminary data on inflation.
The UK is to report on the current account and release revised data on fourth quarter growth.
The U.S. is to round up the week with data on personal income and spending, a report on manufacturing activity in the Chicago region and revised data on consumer sentiment.

EUR/USD Intraday: key resistance at 1.0840.

Our preference: short positions below 1.0840 with targets at 1.0790 & 1.0770 in extension.
Alternative scenario: above 1.0840 look for further upside with 1.0875 & 1.0905 as targets.
Comment: as long as the resistance at 1.0840 is not surpassed, the risk of the break below 1.0790 remains high.

Supports and resistances:
1.0905
1.0875
1.0840
1.0815 Last
1.0790
1.0770
1.0755

Image

Review provided by broker Fidelis Capital Markets

FidelisCM
Beginner
Posts: 25
Permalink
FidelisCM
Post Re: Daily Forex Analysis from FidelisCM
on: March 30, 2017, 10:28
Quote

The main events on March 30, 2017

-The pound edged into negative territory in Asia briefly on Thursday as markets noted the U.K. faces a hard road to keep business links in place in negotiations to exit from the European Union that were formally initiated overnight.
-GBP/USD dipped to 1.2437, just into negative territory, retracing earlier gains as the EUR/USD came under further selling, down 0.17% to 1.0747.
-AUD/USD traded up 0.14% to 0.7659. The U.S. dollar index rose 0.17% to 99.95.
-Gold prices edged lower in Asia on Thursday with demand prospects in the world's top two importers, China and India, in focus with physical and exchange traded fund demand on hopes tax reform by New Delhi could cut the cost of bullion imports and as Chinese buyers seek a hedge for a weaker currency. Gold eased 0.14% to $1,251.90 a troy ounce.
-Oil prices edged up on Thursday, extending two days of increases as supply disruptions in Libya lifted the market, although bloated U.S. crude inventories curbed gains.
-Brent trading at $52.53 per barrel, up 11 cents from their last close.
-WTI rose 19 cents to $49.70 a barrel.

News for Today:
-In the euro zone, Germany and Spain are to release preliminary data on inflation.
-Canada is to publish figures on raw material price inflation.
-The U.S. is to release revised data on fourth quarter growth along with the weekly report on initial jobless claims.

Overnight:
-Japan is to publish data on household spending and inflation.
-New Zealand is to report on business confidence.
-China is to release its official manufacturing and services PMI’s.

Main Events of the week:

Friday, March 31
-Germany is to release figures on retail sales and unemployment change.
-Meanwhile, the euro zone is to publish preliminary data on inflation.
-The UK is to report on the current account and release revised data on fourth quarter growth.
-The U.S. is to round up the week with data on personal income and spending, a report on manufacturing activity in the Chicago region and revised data on consumer sentiment.

EUR/USD Intraday: the downside prevails.

Our preference: short positions below 1.0775 with targets at 1.0730 & 1.0700 in extension.
Alternative scenario: above 1.0775 look for further upside with 1.0800 & 1.0825 as targets.
Comment: a break below 1.0730 would trigger a drop towards 1.0700.

Supports and resistances:
1.0825
1.0800
1.0775
1.0750 Last
1.0730
1.0700
1.0675

Image

Review provided by broker Fidelis Capital Markets

FidelisCM
Beginner
Posts: 25
Permalink
FidelisCM
Post Re: Daily Forex Analysis from FidelisCM
on: March 31, 2017, 12:33
Quote

The main events on March 31, 2017

-The dollar edged up in Asian trading on Friday, poised for weekly gains after solid U.S. economic data contrasted with figures showing euro zone inflation cooling.
-The dollar index, which tracks the U.S. currency against a basket of six major rivals, was up 0.1 percent at 100.50 (DXY), up 0.9 percent for the week and not far from a two-week high of 100.60 hit overnight. USD/JPY changed hands at 111.94, up 0.01%, while AUD/USD traded at 0.7647, up 0.08%. GBP/USD rose 0.18% to 1.2492.
-Gold prices dipped in Asia on Friday with a stronger dollar weighing on demand, but support coming on political risks, including a meeting next week in Florida between President Donald Trump and China's President Xi Jinping as well as elections in France and chances of a far-right government.
-Gold fell 0.40% to 1,240.00 a troy ounce.
-Crude oil dipped in Asia on profit taking after three days of gains and despite upbeat figures from China on manufacturing and services for March that gained more than expected in cautious trade as U.S. rig count data lies ahead and markets look to a meeting between President Donald Trump and China's Xi Jinping in Florida that is seen as high stakes on trade.
-WTI dipped 0.34% to $50.18 a barrel, while on London's Intercontinental Exchange, Brent eased 0.41% to $52.91 a barrel.

News for Today:
-Germany is to release figures on retail sales and unemployment change. Meanwhile, the euro zone is to publish preliminary data on inflation.
-The UK is to report on the current account and release revised data on fourth quarter growth.
-The U.S. is to round up the week with data on personal income and spending, a report on manufacturing activity in the Chicago region and revised data on consumer sentiment.

EUR/USD Intraday: the downside prevails.

Our preference: short positions below 1.0730 with targets at 1.0645 & 1.0630 in extension.
Alternative scenario: above 1.0730 look for further upside with 1.0770 & 1.0800 as targets.
Comment: as long as 1.0730 is resistance, likely decline to 1.0645.

Supports and resistances:
1.0800
1.0770
1.0730
1.0675 Last
1.0645
1.0630
1.0590

Image

Review provided by broker Fidelis Capital Markets

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