Pair Expectation, target value – maximum or minimum for the week


AUDUSD up, target: 0.7410


EURUSD down, target: 1.0800


USDCAD down, target: 1.3530


GBPUSD down, target: 1.4200


USDJPY down, target: 109.80


USDNOK down, target: 8.380


The most important data for the week to come is revised GDP numbers for the US economy. Albeit the initial estimation printed higher than expected numbers, the data might surprise the markets and induce a round of sell-off in stocks and bonds. This case is possible if the GDP numbers evince strong economy – the indispensable condition for the impending rate hike. Provided this scenario plays out, the biggest winners once again will be safe-heaven assets.
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