Forex Daily Outlook – January 4, 2019

Colin First
S & P 500 daily chart, September 24, 2018


The pair bounced higher from the 1.13 region in the Thursday’s session reaching towards the 1.14 level. Until the pair crosses above the 1.15 level and 200 Day EMA, selling pressure will continue. Weak economic numbers from Europe, Brexit and Fed’s dovish stance on rate hikes will continue to keep the pair volatile and will grind back and forth. …Read More


The British Pound crashed below the 1.25 level in yesterday’s session but has recovered since then. The market will continue to be a sellers paradise and every rally will be followed by selling. The next support level is placed at the 1.22 level and until there is clarity in the market about the Brexit issues, the pair will continue to remain choppy. …Read More


The AUD managed to recover during the yesterday’s session reclaiming the 0.70 level above. However, questions over recovery in the Chinese economy and job figures from the US will keep the market volatile and rallies will be followed by strong selling pressure. The 0.7250 level above will continue to be massively resistive and has strong support at the 0.68 level. …Read More


Strong selling pressure continued through the Thursday’s session, reaching below the 105 level at one point but has turned around towards the 108 level. With the slowdown in the global economy, the pair will continue to witness selling pressure and 110 level above will be the ceiling of the market. …Read More

Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Latest Articles

See All

Expand Your Knowledge

See All
The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.
This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved.