Construction PMI for the GBP to be released later, anticipated weaker than expected, due to yesterday’s weaker than expected manufacturing PMI data. However, expect to trade ideas to follow trend.
Manufacturing PMI for the GBP to be released later, with expectations for data to be better than expected.
One of the economic releases of the day was the U.S. Crude Oil Inventories which helps measures the weekly change in the number of barrels of commercial crude oil held by US firms. The way it works is that the amount of inventories helps influence the price petroleum products which can have an encounter with the inflation rates. Traders have got two things which...
Will a hawkish tone from the FOMC bring USD strenght?
Will we see a negative tone from the FOMC, driving USD weaker?
With the employment data in focus for this Friday, in a scenario where we see a WEAKER NFP and LOWER hourly earnings, we could see USD weakness. We could see a potential to further long the GBP/USD as it moves higher towards the 1.36 resistance level.
With the employment data in focus for this Friday, in a scenario where we see a stronger NFP and higher hourly earnings, we could see USD strength. We could see a potential to short the EUR/USD as it moves lower towards the 1.17 support level.
The AUD Cash Rate is not expected to yield much volatility, with anticipation for rates to remain at 1.50% However, at current times, the tone of RBA statement accompanying the rate decision is now viewed as more important. A hawkish tone from the RBA is likely to bring the AUD/USD up towards the 0.7730 level, supported by 0.7630. While we anticipate a bullish...
Release of economic data for CAD - Employment change - GDP m/m - Unemployment rate I don't think believe just employment data alone would have a big impact on price. However, if we see positive employment data pair with a positive GDP data, AND price being resisted from the 1.29 level. It is more likely to see price drop towards that price could drop, towards...
Expectation for CAD CPI to beat expectation as we see overall economic data improving A stronger CPI would strengthen the CAD, causing the USDCAD to be resisted by 1.2780, If this happens, we could see it move lower to 1.2600
The dollar index has retraced back to the 93 level, from recent highs of 95 With this weakness in the USD, price in the UJ has broken support of 113.20 Looking for short term trade (with a keen eye on the US CPI and Retail sales number later this evening) Managed trade, if the UJ can approach the 112.50 level.
GBP Average Earnings Index to be released in 2.5hours. Anticipation for a stronger than expected data, in line with the previous economic data released in the UK. Therefore, if price breaks 1.3175, we could see a move upwards, respecting the range, with resistance at 1.3280
I am more leaning towards the sell because of economic principles; The European Central Bank as decreased its bond buy activity which means they are pumping less money supply into the economy and in other terms, since they are not spending money in buying bonds, GDP must decrease to some extent if all other variables are constant. The formula for GDP is = C + I +...
Although November is historically a month where interest rates have moved frequently, I believe the RBA is most likely to retain a neutral policy bias, keeping interest rates at 1.50% with additional indication that rates are likely to remain unchanged for the foreseeable future, as the low level of interest rates continues to support the Australian...
If the NFP data does meet or exceed 312k, the AUD/USD is a good possibility for a short, given it breaks the 0.7650 level
The Non-farm payroll is expected to print a number of 312k, following a disastrous -33k (due to the hurricanes) While a strong NFP is a possibility, for the U/J, I'd prefer to explore the scenarios if the data is below expectation Price is resisted by 114.50 level, with a possibility for a bounce down, towards 113.20 level Therefore, if the data is worse than...
Although the likelihood of interest rate increase from the BoE is high An unexpected decision or rate increase but paired with negative sentiment, could drive the gbp lower
This is not quite an idea but a mere observation. The Rand has been depreciating in its value against the US Dollar in the past decade. While Bitcoin has been smashing it by a pretty impressive margin. This can mean a lot of things but my focus is on the fact that the Rand has been steadily and consistently shedding its value against the world's biggest economy....