Good morning. Hope all is well! British Pound and US Dollar are going to be on our watchlist today due to our fundamental watch, with more emphasis on British Pound as majority of the news items are related to that particular currency. We seem to have had a really good forecast for yesterday where 5 out of the 7 pairs conformed to our predictions. The two Oceanic Pairs were the odd ones out. As we had thought the US Dollar gained strength and Japanese Yen weakened across the board. Overall for today we could be looking at a strong US Dollar and Japanese Yen could be sidelined. Adding two hedged pairs to offset the trading risk. Happy Trading!
Forecasts Outlook
US Dollar: Strong
Today we're expecting the EURUSD to proceed Long above the barrier levels of 1.36190 and 1.36492.
Fundamental Watch
- Asset Purchase Facility
- Official Bank Rate
- MPC Rate Statement
- Unemployment Claims
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