Good morning. Hope all is well. We seem to have had a moderate forecast for yesterday with 4 out of the 7 pairs conforming to our forecast, specially the Oceanic Pairs behaved as we had predicted. Pairs to keep a close eye this time would be Euro, British Pound and US Dollar. The US Dollar is a bit hard to read for today while Japanese Yen may gather some steam. Adding two hedged pairs to offset the trading risk. Happy Trading!
Forecasts Outlook
US Dollar: Mixed Sentiments
Today we're expecting the EURUSD to proceed Long above the barrier levels of 1.34681 and 1.34393.
Fundamental Watch
- German Ifo Business Climate
- Prelim GDP q/q
- Core Durable Goods Orders m/m
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Editors’ Picks
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AUD/USD stands firm above 0.6500 with markets bracing for Aussie PPI, US inflation
The Aussie Dollar begins Friday’s Asian session on the right foot against the Greenback after posting gains of 0.33% on Thursday. The AUD/USD advance was sponsored by a United States report showing the economy is growing below estimates while inflation picked up.
Gold soars as US economic woes and inflation fears grip investors
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Ethereum could remain inside key range as Consensys sues SEC over ETH security status
Ethereum appears to have returned to its consolidating move on Thursday, canceling rally expectations. This comes after Consensys filed a lawsuit against the US SEC and insider sources informing Reuters of the unlikelihood of a spot ETH ETF approval in May.
Bank of Japan expected to keep interest rates on hold after landmark hike
The Bank of Japan is set to leave its short-term rate target unchanged in the range between 0% and 0.1% on Friday, following the conclusion of its two-day monetary policy review meeting for April. The BoJ will announce its decision on Friday at around 3:00 GMT.