Kathy Lien | TalkMarkets | Page 34
Forex Market Guru
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Forex Market Guru. The Queen of the Big Macro Trade. Author of Day Trading and Swing Trading the Currency Market. And a very proud mommy.

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EURUSD – Can It Hold Support?
After putting on a valiant fight for the past few days, the euro came under selling pressure again today testing the key 1.1700 support level.
Why AUD May Not Be A Buy Anymore
AUD/USD enjoyed its strongest one day rise in nearly 2 weeks but today’s rally stopped right at the 10-day SMA. With that in mind, the more significant resistance is near 0.7950.
GBP/USD – Heading To 1.3000?
Cable has started to drift lower as UK economy appears to be on the verge of contraction. Today. UK Construction PMI printed at 48.1 versus 51.1 eyed as it plunged below the 50 boom/bust line for the first time since September of last year.
USDJPY Headed Back Above 113
USD/JPY is in an uptrend with the 200-day SMA at 112 serving as clear support. As long as that level holds, the pair should make its way back above 113, targeting the Sept. highs near 113.25.
Economic Data Calls For Monday, Oct. 2
Here’s what we are looking for in tomorrow’s economic reports - Monday, Oct 2.
Will AUDUSD Break 78 Cents?
There’s very little for the RBA to be excited about and for this reason they could emphasize the challenges that the economy faces over the prospects for growth.
CADJPY – Ready To Drop?
CADJPY is very vulnerable to a sell-off especially because the pair appears to have found distribution at the 90.00 level. If it breaks to the downside, 88.00 could be soon in view.
EUR/USD Back Above 1.18?
EUR/USD sold-off for the third consecutive trading day but buyers are swooping in above 1.1720.
USDCAD – 1.2400 Still Caps
Although the dollar was persistently strong today, one currency continues to buck the trend. The loonie refused to bend to sellers rejecting the 1.2400 resistance all day long.
Is Euro Still A Buy?
As long as EUR/USD hold above 1.18 the uptrend is in tact but if it breaks 1.18, we could see the pair slip as low as 1.16 before finding support so traders need to be careful of overleveraging positions.
USD/CAD – Retrace Done At 1.2400?
If the CPI numbers meet or beat the forecast USD/CAD could quickly drop towards 1.2200 as expectations of yet another BOC hike will rise markedly.
USDCHF To 0.98
The U.S. dollar shot higher today after the FOMC statement revealed that Federal Reserve has every intention to raise interest rates one more time this year and 3 times in 2018.
USD/JPY – Can It Hit 112.00?
Don’t look now but USD/JPY is up nearly 400 pips since it hit swing lows nearly 10 days ago. The pair is forming a classic V-shaped bottom after being grossly oversold.
EUR/NZD Back To 1.66?
Despite a sharp rise in U.S. yields and the U.S. dollar today, euro held up fairly well because the ECB has made their monetary policy plans very clear.
GBPUSD To 1.38?
There is always a period of adjustment when investors learn that their expectations are misaligned with the central bank’s views. That’s exactly what happened with the Bank of England this past week.
USDCHF – Who Wins Bulls Or Bears?
Today's news that North Korea is about to launch another ICBM test sent the markets into a tizzy and USDCHF back below 9650 before the pair finally found some support.
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