Market Analysis for 24 April 2018

Markets are still confused about the USD's ability to rise, especially after the news of a sure increase in interest rates, but what seems to be so bright that we suspect it could happen

The United States needs a much weaker dollar than the current dollar, the United States is having difficulties exporting its various agricultural and industrial products and even exporting arms because of the strength of the dollar at a time when most of the currencies

It has become difficult to conclude export deals to Europe, Britain and Japan, the Middle East of course is no longer imported from America only weapons and under political conditions and not economic

Incoming tourism to the United States is also declining due to the strength of the dollar and its strength

Does interest boost the strength of the dollar?

The interest is to withdraw liquidity from the markets, raising interest increases domestic debt and reduces the strength of the currency on what other small traders think

So far, the dollar has not weakened due to the resistance of the state institutions to the policies of Donald Trump, but the US president was able to weaken the dollar a lot through his tweets and statements without the help of other state institutions

In all, it appears that we are witnessing a conflict between the US president and some technocrats in America, but it seems that the US president is able to impose his policy in the end, especially since he has achieved so far a clear economic success, the US president backed by major traders, businessmen and companies will not back down from its economic policy

So we are waiting for the dollar to decline as we wait for the GBP and the EUR to rise clearly

Our outlook is still positive for the Pound and the Euro, the Dollar will continue to retreat and the Japanese Yen, Gold needs some downside before we start to open long positions

We still see that we are moving to 2013 and 2014 levels

This week's trading recommendations are as follows

BUY XAUUSD AT 1325 SL 1300 TP 1355

BUY XAUEUR AT 1085 SL 1080 TP 1088

SELL USD CHF AT 0.9781 SL 0.98161 TP 0.97394

BUY NZD USD AT 0.7100 SL 0.70000 TP 0.73000

BUY GBP USD AT 1.3930 SL 1.37473 TP 1.47473

BUY GBP JPY AT 151.40 SL 150.574 TP 152.574

BUY EUR USD AT 1.2200 SL 1.19000 TP 1.22980

BUY EUR JPY AT 132.50 SL 127.759 TP 136.257

BUY AUD JPY AT 82.70 SL 81.759 TP 83.259

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