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
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
With expecatation for product of the Model 3 sedan to be delayed, has resulted in loss per share extending from 2.31 to 2.92 This drop could also be driven by expecations that the tax reforms could remove the electric vehicle tax credit. However, as I view Tesla to be a growth stock, i'll be looking to buy on price dips, while keeping an eye on their cashflow management
Tesla dropped to $300 per share (lowest in 6 months), after reporting a delay in reaching goals for the Model3 sedan A loss of $2.31 per share was expected, but the expected delays resulted in a loss of $2.91 per share for the quarter. This price decline could also be attributed to the tax reform’s possible cutting of the electric vehicle (EV) tax credit, which...
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
Possible continuation of strength in the USD, driven from the tax reform and likely rate increase in december. Coupled with a reversal chart pattern this could get interesting
ECB news last thursday indicating possibility of tapering brought the EUR/USD down to support levels of 1.16 A rejection of resistance level 1.1650 is likely to bring renewed downward pressure on the EUR The independence of catalonia is an additional uncertainty for strength in the EUR A break of 1.1560 could see the EUR extend further
TP on first u/j trade, will it continue up? If price breaks above resistance of 114.30, could see 115.50
The USD closed the week with strength following approval of the tax reform With likely re-election of president Abe, we are likely to see continued sentiment for a weaker JPY Hence, I'm looking for the U/J to approach the near term resistance 114.30
If price breaks support level of 132, we could see E/J move lower. Price is anticipated to move lower due to the potential conflict in North Korea, and the EUR strength being resisted at the 1.20 level.
Will we see the australian economy easing as we approach the end of the year? Or will the RBA maintain their stance on holding rates at 1.50% with potential increases in mid 2018. I expect a relatively hawkish tone from the RBA, and if price breaks above 0.79, could see it climbing towards the next resistance level
A strong NZD CPI 0.4% or higher could continue to push the NZD/USD higher. A break of resistance 0.72 could see 0.73 come into target
I expect the RBA minutes to take a hawkish tone, signalling intention to keep rates at 1.50% with potential increase in 2018
Will the Bank of Canada increase interest rates back to 0.75% since May 2015? Comments arising from the BoC brings up the issue of a lag between when the economy is running at full pelt AND when inflation starts to increase. Therefore, the BoC could be looking to increase rates, to provide the space for adjustments in the future (ie. increase, so that they have...