Good morning. Hope everyone had a great week end! Apologies as we couldn’t get our yesterday’s forecast out due to a data gathering issue. We seem to have had a bit of a turmoil for our previous forecast with only 3 out of the 7 pairs conforming to our forecast. GBPUSD, AUDUSD and EURJPY were the only pairs that moved according to plan. We were correct in thinking that Japanese Yen was going to gather some steam as it had strengthened a lot overall. Pairs to keep a close eye this time would be all US Dollar pairs due to our fundamental watch for today. Both US Dollar and Japanese Yen could be on the weak site today. Adding one hedged pair to offset the trading risk. Happy Trading!
Forecasts Outlook
US Dollar: Weak
Today we're expecting the EURUSD to proceed Long above the barrier levels of 1.34188 and 1.34488.
Fundamental Watch
- CB Consumer Confidence
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