Although risk sentiments have weighed in on the EURUSD resulting in the pair trading as low as 1.0400 and US Dollar Parity seems imminent for the pair during 2017, the upcoming US Dollar correction amidst strong European fundamentals such as increasing inflation and increasing manufacturing activity will send the ...
Exciting times await as the US Dollar rallied into 14-year highs as US Treasury yields rallied and the Dow Jones hit all-time highs following the most recent Fed DotPlot that charted a three-quarter rate hike during 2017, supported by evidence of Economic recovery accelerating in the US amidst strong GDP growth in ...
Australian economy remains resilient as consumer and business sentiments remain positive, and as the US Dollar corrects, the AUDUSD pair will find itself testing resistance levels at 0.74000 and 0.76000 in immediate future.
Upbeat CHF Retail Sales and PMI sustaining CHF Bullish momentum against the greenback to test 1.0000 level. Should GDP indicate positive growth then USDCHF likely to break below 1.0000 aiming at 0.9900 - 0.9800 region
Eurozone Data and especially German data continues to show signs of economic recovery in the Eurozone, however political risks of the upcoming Italian elections amidst a stronger Greenback will send this pair down to test 1.0500 support and possibly breakout to 1.0400 levels
US Dollar Rally to extend to 12,550 - 12,600 level as the market prices in 100% chance of Rate Hike in december amidst strong US fundamentals continuation; ADP NFP @ 216K, GDP revised to 3.2%, lowest levels of Unemployment Claims. Expect upcoming NFP to beat expectations!
European data seem to indicate a more positive Eurozone economy in the months to come however as investors position take on risk and position themselves for the upcoming interest rate hike the EURUSD is likely to push down to the 1.0600 and 1.0500 levels
Strong US fundamentals keep supporting an upcoming rate hike and as US Treasury bonds keep selling off the US Dollar which has already tested its yearly high will likely rally to the upside and form new highs. Key resistance levels to be expected at 12,400 12,500 and 12,600 levels
With election volatility settling, the dollar is set to continue its advance to test and break the yearly high on the outlook of a December rate hike after jobless initial and continuing claims decline steadily.