Lifestudent38

Lifestudent38

Dollar strength likely to remain intact. Expecting correction to 1.3250 level then rally to retest the highs at 1.3400 resistance level. Election risk will then weigh in on this pair that will send it lower to the 1.3000 - 1.3100 region.

Lifestudent38

Bearish sentiment remains on weak oceanic fundamentals along strong anticipated US GDP data. Looking for support at the 0.7050 level.

Lifestudent38

Strong US 3Q GDP growth on strong jobs data along with weak Australian fundamentals weighing in may send the Aussie lower against the greenback. 0.7500 level the likely support zone for the AUD/USD sell-off.

Lifestudent38

Brexit fears impact on consumer and business confidence likely to give some shocks to anticipated GDP growth. Although this has mostly been priced in, an announcement of weaker GDP will send the Pound lower to the 1.2000 level.

Lifestudent38

Expect range bound conditions to last until the GDP report this coming friday, which is likey to show strong third quarter growth from strong jobs data in August. Dollar rally will ensue that will retest the yearly high as investors get ready for a december rate hike. Thereafter a strong pull-back is expected.

Lifestudent38

Traders likely to buy cheap Euro's after the major sell-off that drove the pair to extreme oversold conditions. Buying pressure likely to drive EUR/USD pair up to 1.1050 level.

Lifestudent38

With unemployment claims at 43 year lows signalling a US Dollar 0.37% rally on strong jobs data, and ultimate weakness in the Yen due to an anticipated expanded stimulus package by the BoJ; the USD/JPY -0.11% pair is set for upwards momentum and will likely retest its 3-month high in the near future.

Lifestudent38

With no upcoming CAD data releases the USD/CAD pair is set to rally to the 1.3300 resistance level.

Lifestudent38

With a strong correlation to the Aussie, and the net loss in employment in Australia, along with a dollar rally, the Kiwi is set for a sell-off to the 0.7100 support level.

Lifestudent38

Disappointing employment change in Australia and a dollar rally will provide selling pressure on the Aussie Dollar pair to the 0.7500 level

Lifestudent38

Even with the disappointing unemployment claims release today, the overall trend of unemployment claims is on a downwards trend which supports continuous jobs creation and thus the case of a rate hike by the Fed in December. The dollar rally is likely set to retest the yearly high at 12,300.

Lifestudent38

The Fed's uncertainty is providing momentum for the dollar's sell-off, however and interest hike is still not off the tables and this will push the dollar higher to ultimately test its yearly high of 12,306

Lifestudent38

The Canadian dollar usually has delayed reactions to fundamental releases; and the change in employment from the previous week was strongly positive, and amidst rising oil prices, the Canadian dollar just may outperform the USD

Lifestudent38

Although Euro data has been positive lately, the weakness in the banking sector still hangs like an axe over the Eurozone. At best the Euro Dollar will consolidate between the 1.1100 and 1.1000 before breaking out to the downside to retest the 1.0900 level

Lifestudent38

With continued dollar strength and the Kiwi’s weakness, the pair on the weak consumer sentiment data may offer a retracement to the 0.7200 level before commencing the sell-off to test the 0.7000 psychological support level.

Lifestudent38

With a Hawkish outlook on the FED in December, the disappointing Consumer Sentiment will at best provide a short lived rally to 0.7640 until the bears take control pushing this pair down to its 89-EMA

Lifestudent38

With a Hawkish outlook on the FED in December, the disappointing Consumer Sentiment will at best provide a short lived rally to 0.7640 until the bears take control pushing this pair down to its 89-EMA

Lifestudent38

Continued hawkish outlook of the Fed and from market participants providing downside momentum to the Aussie-Dollar pair. Technical confirmation when 8-EMA crosses below 21-MA of the Bollinger Bands.