If we get a positive business outlook for the canadian economy, we could see the possibility of rate hike by the BoC This would further strengthen the CAD. A retest of 1.2450 resistance before heading lower toward 1.2280 support is likely
XRP $4 and $5 definitely in view, after it breaks resistance of $3
Today, we have a larger number of economic data release, with focus on the US NFP (employment) data. A quiet afternoon of price movements is anticipated as traders waits for the NFP release. We anticipate a slightly stronger data approximately 220k, compared to the forecast of 190k. Significant price volatility will arise if there is evidence of growth in the...
Focus on FOMC Meeting Minutes - Fed remains on track to raise interest rates 3 times in 2018. - Solid US labour market gains with expansion in economic activity - Low inflation is still a concern AUD on a strong upward trend, likely to continue, given the break of 0.7840 resistance.
If STR fails to break below 0.70 level, we are likely to see a strong upward move toward 1.00
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.
With continual weakness in the USD, we see gold climbing Can gold break the 1320 level towards last september's high of 1350
Manufacturing PMI for the GBP to be released later, with expectations for data to be better than expected.
With the absence of strong fundamental drivers in the current crypto currency market, price movements are highly technical plays. Therefore, with strong upward trend lines for XRP, if price bounces off the lower limit, we could see a strong move upwards towards the price level of 1.60 and above
Toyota Motor Corp. is making a serious commitment to bringing electrified vehicles into its fleet. The move goes against the widely held perception that the Japanese automaker was taking a very different path than other global automakers striving to become “Tesla-competitive.” Toyota will be offering electric versions of every model of its vehicles by 2025, and...
Based on our internal analysis, Final GDP q/q is likely to be good and will push US higher.
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...
If price for LTC/USD reacts strongly at the $74 price support level Could see a strong bounce upwards toward $100 resistance level