Good morning. Hope all is well. We couldn’t get our forecast our for yesterday due to a data issue. We seem to had a moderate forecast for Monday with 4 out of the 7 pairs going in our way. USDCAD, EURJPY and the two Oceanic Pairs were the good guys. As we had thought we did have a sidelined US Dollar due to the bank holiday in the US. US Dollar pairs are on our watch list due to our fundamental watch today, we have three news items that are coming out that could fuel these markets. Today we could be in for strong US Dollar while Japanese Yen could be on the weak side. Adding two hedged pairs to offset the trading risk. Happy Trading!
Forecasts Outlook
US Dollar: Strong
Today we're expecting the EURUSD to proceed Short below the barrier levels of 1.36258 and 1.36557.
Fundamental Watch
- Prelim GDP q/q
- Unemployment Claims
- Pending Home Sales m/m
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