Lifestudent38

Lifestudent38

Expected CAD gains on profit taking and improvements in Canadian labor data following severe pressure from weakening oil prices and threats from Trump to impose trade measures against Canada. Support anticipated at 1.3500 - 1.3550 during May

Lifestudent38

Increasing dairy auction prices, stronger labor data and a higher inflation differential will drive the Kiwi to outperform the Aussie dollar relatively. Resistance anticipated at 0.7000 level

Lifestudent38

Mixed April labor data; strong job addition with a weakening unemployment rate as well as weakening commodity prices will offer relative little momentum to an AUDUSD rally during May month. Key resistance anticipated at 0.7500 - 0.7550

Lifestudent38

US Labor data showing signs of improvement in terms of wage growth and a low unemployment rate following the seasonal factors that caused weak labor data in the first quarter. As this upbeat data factors into retail spending and investments the greenback will find support especially with an anticipated rate hike in June. Key support anticipated at 12,050 - 12,150 levels.

Lifestudent38

Technically forming a descending triangle since the start of 2017, the US Dollar is positioned for a technical breakout in the run up to the third quarter. Fundamentally the US dollar is weakening given softer data likely to postpone rate increases until any other further notice. Administratively, the US is at risk and investors seem to be fleeing to safe...

Lifestudent38

The Eurozone currently faces alot of risks; the UK is busy filing for divorce which subtracts about 14% of EU GDP, Greece has financial structure problems which drives its high borrowing, and nationalist sentiment is increasing. The Euro is likely to bear the brunt force of these risks and after the next hurdle at 1.0520 the EURUSD pair is likely to tread towards...

Lifestudent38 Updated 

EURGBP position trade potential whilst earning positive roll-over. Whilst the Pound recovers from oversold conditions as the risk-premium incurred following the Brexit referendum dwindles on a more certain outlook of the UK economy given higher inflationary pressures and potential rate hikes by the BoE, the risks of the Eurozone are yet to weigh in on the Euro as...

Lifestudent38

Following extreme selling on the risks associated with Brexit, the 10Y differential with the US has started ticking upwards especially after UK unemployment reached a 12 year low. As a volatile currency pair, the Pound is set for top gains against the Greenback as relief from risk-on selling tapers off in the short term future.

Lifestudent38

With a mildly softer Greenback and as polls for the upcoming French elections turn pro-Eurozone the EURUSD is set for a recovery to the 1.0900 level

Lifestudent38

In the last week, the BoJ has signalled what seems as the end of it's extensive QE program as inflation picks up across Japan. With the mildly weaker Greenback we can expect some of the strongest gains for Yen in the upcoming weeks. Key support levels at 112.00 and 111.50

Lifestudent38

Weak investment data in Canada will add weight to selling pressure of the CAD and with a mildly weaker Greenback we can expect the USDCAD to consolidate into 1.3300 - 13500 range for now with limited upside potential beyond the 1.3600 level

Lifestudent38

The slowdown of economic activity in New Zealand tied to a weaker Greenback will provide suppressed support for the NZDUSD pair with upcoming resistance at 0.7050 and then 0.7150

Lifestudent38

Aussie to rally amidst a softer Greenback due to high inflationary expectations but with some resilience in the Australian job market the upside potential for this currency pair remains limited. Key resistance levels at 0.7750 - 0.7800

Lifestudent38

As certainty about the details of Trump's Fiscal Policy emerge the Greenback is set for a correction to the upside, however cyclical factors will see the Greenback extend to the downside. Upcoming key support levels at 12,100 and then 12,000

Lifestudent38

Technical Overbought conditions set for correction as Trump unveils Fiscal Policy plans for the States giving support to the greenback in the near term future before the Aussie rally extends on strong Australian Fundamentals. A potential risk factor is the re-positioning of Australian trade should the US abandon the TPP

Lifestudent38

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 pair upwards to the 1.0900 levels with key...

Lifestudent38

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 the last quarter of 2016, strong job creation with...

Lifestudent38

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.