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USD on the front foot after strong data releases

Strong US retail sales particularly the highlight 15 Aug
  • USDJPY up to 1-week highs of 110.74
  • USDCAD 1-month highs of 1.2778
  • GBPUSD testing 1.2850 support/bids
  • EURUSD testing 1.1700
  • EURGBP back down to 0.9100
  • AUDUSD 0.7815
  • Gold down to
Large-ish option expiries in play with just over an hour to go .Offers between 110.80-00 should help cap USDJPYFed funds futures imply traders see 48% chance of Fed hiking at Dec 12-13 meeting vs 42% shortly before data release.
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AUD/USD

The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation. The QI CPI figures should confirm that the underlying pulse of inflation in Australia remains weak. Soft wages growth, underpinned by elevated spare capacity in the labour market, means that core inflation will once again print sub-2%pa. But headline inflation is expected to lift to within the RBA’s 2-3%…
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Josecarlos avatar
Josecarlos 30 Apr.

Bom, muito Bom!

DYNAMIXZ avatar

well done !

AngleRMS avatar

thanks

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A possible shift approaching!

We may be experience a slight power shift among the currencies.
The yen pairs are all dropping back and starting to show some signs of weakness. The AUD is also looking like we might have a retracement. My interest is purely on the yen pairs, as i see a possibility for huge pips within a short time. The USD is also looking strong, this might be a reaction to the highly anticipated Yellen speech. Lets see what she has to say about future monetary policies.
I am going to be watching the market's r…
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Bearish Cable

My long term view is a strong USD...The GU may go up, but i doubt it will be a sustained bullish move..
The weekly charts show the GBPUSD has been stuck in a range, it has started leaving that range. i am looking at a very bearish end to the month of March...Of course, i could be very wrong, but that's just me speculating.
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Bearish forecast for the EURUSD

I foresee the EURUSD hitting 1.32 or below by the 1st of April.
The USD has been bullish, but has now started losing some steam. I expect the EURUSD to rally on USD weakness, but eventually do a nasty bearish dip. With QE tapering still in play, all the fundamentals still support a strong USD long term. I cant say the same for the EURO or GBP.
The EUR on the weekly chart is still looking bearish....but that could easily change depending on how the coming week ends...
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USD gains till the new year

The EURUSD on the daily chart is forming what looks like a double top. If this plays out correctly, we should see some very bearish reactions on the EURUSD pair. the 1.3000 area is a very attractive round number area, i expect price to hit that area.
the four hour chart is already starting to show weakness. A breach of the trend line should trigger the bearish move.
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USD showing signs for more gains

The USD has been gaining since the end of August, and after a few dips, it is still looking very strong. These recent gains saw the USDJPY hitting the 103 mark. After a slight dip, the USD is looking on the rise again, best pairs to short seem to be the EURUSD and GBPUSD, which seem to be at very high levels. I already have two shorts on these pairs. Will be watching closely. The GBPUSD already closed bearish, indicating a possible reversal on the trend.
the GBP/USD is also testing the EMA, expe…
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