DAILY FOREX

OUTLOOK
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Date: 11th Jan, 2019

 FOREX

Chart - EURUSD Outlook

EURUSD as discussed yesterday it has given

a breakout after consolidation now it has
again given low risk opportunity to bulls.
EURUSD has retested trend line breakout,
all momentum indicators waving on the
positive side hence we advise to adopt buy
on dips strategy

Major Support is at 1.14950 and Resistance

is at 1.15680

Outlook Chart - GBPUSD

GBPUSD is consolidating just below the

breakout level keep an eye on this pair
because if it breaks trend line then we
might see swift move on the upside because
it has made a double bottom pattern on the
daily charts few days back. All momentum
indicators turned positive for this forex pairs
it is advised to adopt buy on dips strategy,

Major resistance is at 1.28000 and support

at 1.27108

Date: 11th Jan, 2019

ECONOMIC DATA

USD Advance Goods Trade High -$76.0b -$77.2b

Balance (NOV)
USD Cap Goods Orders Nondef Ex Low -0.6%
Air (NOV F)
USD Cap Goods Ship Nondef Ex Air Low -0.1%
(NOV F)
USD Construction Spending (MoM) Medium 0.2% -0.1%
(NOV)
USD Durable Goods Orders (NOV F) Medium 0.8%
USD Durables Ex Transportation Low -0.3%
(NOV F)
USD Factory Orders (NOV) Medium 0.3% -2.1%
USD Factory Orders Ex Trans (NOV Low 0.3%
F)
USD New Home Sales (NOV) Low 568k 544k
USD New Home Sales (MoM) Medium 4.5% -8.9%
(NOV)
USD Retail Inventories (MoM) Low 0.9%
(NOV)
USD Wholesale Inventories (MoM) Medium 0.5% 0.8%
(NOV P)
NZD REINZ House Sales (YoY) Medium 2.6%
(DEC)
CHF Real Estate Index Family Homes Medium 472.3
(4Q)
CNY Aggregate Financing CNY Medium 1245.5b 1519.1b
(DEC)
CNY Money Supply M0 (YoY) Low 3.0% 2.8%
(DEC)
CNY Money Supply M1 (YoY) Low 1.7% 1.5%
(DEC)
CNY Money Supply M2 (YoY) Low 8.1% 8.0%
(DEC)
CNY New Yuan Loans CNY (DEC) High 825.0b 1250.0b
CNY Foreign Direct Investment Medium -26.3%
(YoY) (DEC)
00:30 AUD Retail Sales (MoM) (NOV) Low 0.4% 0.3% 0.3%
05:00 JPY Eco Watchers Survey Current Medium 50.7 51
(DEC)
05:00 JPY Eco Watchers Survey Outlook Medium 51.4 52.2
SA (DEC)
08:20 EUR ECB's Mersch Speaks in Low
Bratislava
09:30 GBP Trade Balance (NOV) Medium -£2800m -£3300m
09:30 GBP Visible Trade Balance (Pounds) Medium - -
(NOV) £11400m £11873m
09:30 GBP Trade Balance Non EU GBP/Mn Medium -£3775m -£4251m

Date: 11th Jan, 2019

 (NOV)
09:30 GBP Industrial Production (MoM) Low 0.2% -0.6%
(NOV)
09:30 GBP Industrial Production (YoY) Medium -0.7% -0.8%
(NOV)
09:30 GBP Manufacturing Production Low 0.4% -0.9%
(MoM) (NOV)
09:30 GBP Manufacturing Production Medium -0.7% -1.0%
(YoY) (NOV)
09:30 GBP Construction Output SA (MoM) Low 0.2% -0.20%
(NOV)
09:30 GBP Construction Output SA (YoY) Medium 2.6% 3.8%
(NOV)
09:30 GBP Index of Serices (MoM) (NOV) Low 0.1% 0.2%
09:30 GBP Index of Services (3Mo3M) Low 0.2% 0.3%
(NOV)
09:30 GBP Monthly GDP 3M/3M Change Medium 0.3% 0.4%
(NOV)
09:30 GBP Gross Domestic Product (MoM) Medium 0.1% 0.1%
(NOV)
13:30 USD Consumer Price Index (MoM) Medium -0.1% 0.0%
(DEC)
13:30 USD Trade Balance (NOV) Medium -$54.0b -$55.5b
13:30 USD Consumer Price Index (YoY) High 1.9% 2.2%
(DEC)
13:30 USD Consumer Price Index Ex Food Medium 0.2% 0.2%
and Energy (MoM) (DEC)
13:30 USD Consumer Price Index Ex Food High 2.2% 2.2%
and Energy (YoY) (DEC)
13:30 USD Consumer Price Index Core Low 259.481
Index s.a. (DEC)
13:30 USD Consumer Price Index n.s.a. Low 251.08 252.038
(DEC)
13:30 USD Real Avg Weekly Earnings Medium 0.5%
(YoY) (DEC)
13:30 USD Real Avg Hourly Earning (YoY) Medium 0.8%
(DEC)
14:00 MXN Industrial Production NSA Medium 0.5% 1.0%
(YoY) (NOV)
15:00 USD Wholesale Inventories (MoM) Low 0.5%
(NOV F)
15:00 USD Wholesale Trade Sales (MoM) Low -0.2%
(NOV)
18:00 USD Baker Hughes U.S. Rig Count Medium 1075
(JAN 11)
19:00 USD Monthly Budget Statement Medium $0.0b -$204.9b
(DEC)

Date: 11th Jan, 2019

 NEWS

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Fed Lifts Stocks, US Dollar. AUD/USD, ASX 200 Prices May Climb

Upbeat Australia Retail Sales Report to Fuel Bullish AUD/USD Series

Fed Flexibility and Powell Patience Calms Market Angst

Australian Dollar Weekly Price Outlook: AUD/USD Reversal Targets

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Date: 11th Jan, 2019

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Date: 11th Jan, 2019