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FxWirePro: South Korean won trades marginally lower as current account data misses expectations

  • EUR/KRW is currently trading around 1,271 mark.
     
  • It made intraday high at 1,277 and low at 1,274 levels.
     
  • Intraday bias remains slightly bullish till the time pair holds key support at 1,265 mark.
     
  • A sustained close above 1,270 will take the parity higher towards key resistances around 1,278, 1,288, 1,294, 1,307, 1,315 and 1,327 marks respectively.
     
  • On the other side, a daily close below 1,265 will drag the parity down towards key supports around 1,257, 1,246 and 1,234 marks respectively.
     
  • Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
     
  • Korea, South Jan 2019 trade balance revised decrease to 1.29 usd vs previous 1.34 usd.
     
  • Korea, South Jan 2019 export growth revised decrease to -5.9 % vs previous -5.8 %.
     
  • Korea, South Dec 2018 current account bal nsa decrease to 4.82 usd vs previous 5.06 usd.
     
  • Seoul shares open down 0.67 pct.

We prefer to take long position on EURKRW around 1,270, stop loss 1,264 and target of 1,278/1,288.

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2019-03-18 07:01:54
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2019-03-18 07:01:09
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March 19 07:00 UTC Released

CHTrade

Actual

3125 Mln CH

Forecast

Previous

3043 Mln CH

March 19 00:30 UTC Released

AUHome Price Index*

Actual

-2.4 %

Forecast

-2 %

Previous

-1.5 %

January 31 00:00 UTC 594586594586m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 594586594586m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 606406606406m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 594586594586m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 606406606406m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 594586594586m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 594586594586m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 594586594586m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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