USDOLLAR trade ideas
US Dollar 100% Rate Hike PricingUS Dollar Rally to extend to 12,550 - 12,600 level as the market prices in 100% chance of Rate Hike in december amidst strong US fundamentals continuation; ADP NFP @ 216K, GDP revised to 3.2%, lowest levels of Unemployment Claims. Expect upcoming NFP to beat expectations!
USDOLLAR Targets Lower LevelsUSDOLLAR is about to breakout of the Head and Shoulders pattern.
Cheers!
A case for lower rates for longer and a weaker USDollar ahead.1) In his first presidential debate with Clinton on September 26th, Trump said “Believe me, we are in a bubble right now, and the only thing that looks good is the stock market, but if you raise interest rates even a little bit, that’s going to come crashing down. We are in a big, fat, ugly bubble.”
2) If Donald Trump really aims to bring manufacturing (and JOBS) back to USA, then, beyond other things, he must also think about additional preferences for future US exports (Exporters), including the benefit from a weaker national currency - USD.
Thus we have a case of cautiousness with rising rates combined with a necessity of lowering the USDollar value.
As always, only time will tell.
Wedge + Elliot wave on Dollar IndexOnce price breaks trend line, market will be headed to the missed pivots (MP). You could use this with correlation to forex pairs
US Dollar Yearly HighsStrong US fundamentals keep supporting an upcoming rate hike and as US Treasury bonds keep selling off the US Dollar which has already tested its yearly high will likely rally to the upside and form new highs. Key resistance levels to be expected at 12,400 12,500 and 12,600 levels
