JinDao_Tai

JinDao_Tai

Will we see a negative tone from the FOMC, driving USD weaker?

JinDao_Tai Updated 

With the employment data in focus for this Friday, in a scenario where we see a WEAKER NFP and LOWER hourly earnings, we could see USD weakness. We could see a potential to further long the GBP/USD as it moves higher towards the 1.36 resistance level.

JinDao_Tai

With the employment data in focus for this Friday, in a scenario where we see a stronger NFP and higher hourly earnings, we could see USD strength. We could see a potential to short the EUR/USD as it moves lower towards the 1.17 support level.

JinDao_Tai Updated 

The AUD Cash Rate is not expected to yield much volatility, with anticipation for rates to remain at 1.50% However, at current times, the tone of RBA statement accompanying the rate decision is now viewed as more important. A hawkish tone from the RBA is likely to bring the AUD/USD up towards the 0.7730 level, supported by 0.7630. While we anticipate a bullish...

JinDao_Tai Updated 

Release of economic data for CAD - Employment change - GDP m/m - Unemployment rate I don't think believe just employment data alone would have a big impact on price. However, if we see positive employment data pair with a positive GDP data, AND price being resisted from the 1.29 level. It is more likely to see price drop towards that price could drop, towards...

JinDao_Tai

If price for LTC/USD reacts strongly at the $74 price support level Could see a strong bounce upwards toward $100 resistance level

JinDao_Tai Updated 

Expectation for CAD CPI to beat expectation as we see overall economic data improving A stronger CPI would strengthen the CAD, causing the USDCAD to be resisted by 1.2780, If this happens, we could see it move lower to 1.2600

JinDao_Tai Updated 

The dollar index has retraced back to the 93 level, from recent highs of 95 With this weakness in the USD, price in the UJ has broken support of 113.20 Looking for short term trade (with a keen eye on the US CPI and Retail sales number later this evening) Managed trade, if the UJ can approach the 112.50 level.

JinDao_Tai

GBP Average Earnings Index to be released in 2.5hours. Anticipation for a stronger than expected data, in line with the previous economic data released in the UK. Therefore, if price breaks 1.3175, we could see a move upwards, respecting the range, with resistance at 1.3280

JinDao_Tai Updated 

Although November is historically a month where interest rates have moved frequently, I believe the RBA is most likely to retain a neutral policy bias, keeping interest rates at 1.50% with additional indication that rates are likely to remain unchanged for the foreseeable future, as the low level of interest rates continues to support the Australian...

JinDao_Tai Updated 

If the NFP data does meet or exceed 312k, the AUD/USD is a good possibility for a short, given it breaks the 0.7650 level

JinDao_Tai

With expecatation for product of the Model 3 sedan to be delayed, has resulted in loss per share extending from 2.31 to 2.92 This drop could also be driven by expecations that the tax reforms could remove the electric vehicle tax credit. However, as I view Tesla to be a growth stock, i'll be looking to buy on price dips, while keeping an eye on their cashflow management

JinDao_Tai

Tesla dropped to $300 per share (lowest in 6 months), after reporting a delay in reaching goals for the Model3 sedan A loss of $2.31 per share was expected, but the expected delays resulted in a loss of $2.91 per share for the quarter. This price decline could also be attributed to the tax reform’s possible cutting of the electric vehicle (EV) tax credit, which...

JinDao_Tai

The Non-farm payroll is expected to print a number of 312k, following a disastrous -33k (due to the hurricanes) While a strong NFP is a possibility, for the U/J, I'd prefer to explore the scenarios if the data is below expectation Price is resisted by 114.50 level, with a possibility for a bounce down, towards 113.20 level Therefore, if the data is worse than...

JinDao_Tai Updated 

Although the likelihood of interest rate increase from the BoE is high An unexpected decision or rate increase but paired with negative sentiment, could drive the gbp lower

JinDao_Tai Updated 

Possible continuation of strength in the USD, driven from the tax reform and likely rate increase in december. Coupled with a reversal chart pattern this could get interesting

JinDao_Tai

ECB news last thursday indicating possibility of tapering brought the EUR/USD down to support levels of 1.16 A rejection of resistance level 1.1650 is likely to bring renewed downward pressure on the EUR The independence of catalonia is an additional uncertainty for strength in the EUR A break of 1.1560 could see the EUR extend further

JinDao_Tai Updated 

TP on first u/j trade, will it continue up? If price breaks above resistance of 114.30, could see 115.50