Dollar is on the rise,
Today we have seen all the reports came out green but that was the surprise to
the market. With hurricane
Irma effects all analysts were thinking about bad ISM Non-Manufacturing and
Market services. Now we have the reports and adp employment data also has good
numbers just below 140k which is good by looking at the last month horrible
incident. By looking at all these reports we think doller will trade higher and
Eurusd which rebounded from lows 1.1695 will make a retest again.
Usdjpy after making low
of 112.31 rebounded and at time of writing trading higher on 112.81. This is pair is in range from 112.113.40 and
need to break the range. After looking at the reports today its look like we
will break it from the upper side and it could extend its gain to 114.30.
Gbpusd has got the
support from market services pmi which comes good and now we can see some buying opportunity on this pair. Governor carney and BOE is already showing some
hawkish signs for economy and we can see interest rates going up in some time
so 1.3600 can be next target of this pair.
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