Pair Expectation, target value – maximum or minimum for the day
AUDUSD down, target: 0.7200
EURUSD down, target: 1.0810
USDCAD down, target: 1.3310
GBPUSD down, target: 1.3950
USDJPY down, target: 111.50
USDNOK down, target: 8.580
GDP data for Australia came out better than expected, despite relative weakness of commodity prices and AUD. These numbers might set the long-term trend for AUD – apparently nothing prevents interest rate hike and it seems that any increase in inflation might induce heavy buying of AUD on anticiaptions of monetary tightening. ISM for Services is due for release in the US this coming Thursday. Provided that data evinces weakening of US economy, the US stock indexes might rise on anticipations of further monetary easing, inducing demand for safe-heaven currencies – CHF and JPY.
AUDUSD down, target: 0.7200
EURUSD down, target: 1.0810
USDCAD down, target: 1.3310
GBPUSD down, target: 1.3950
USDJPY down, target: 111.50
USDNOK down, target: 8.580
GDP data for Australia came out better than expected, despite relative weakness of commodity prices and AUD. These numbers might set the long-term trend for AUD – apparently nothing prevents interest rate hike and it seems that any increase in inflation might induce heavy buying of AUD on anticiaptions of monetary tightening. ISM for Services is due for release in the US this coming Thursday. Provided that data evinces weakening of US economy, the US stock indexes might rise on anticipations of further monetary easing, inducing demand for safe-heaven currencies – CHF and JPY.
