Good morning. Hope all is well. We have had a good forecast for yesterday with 5 out of the 7 pairs behaving close to our predictions. The Oceanic pairs were the stubborn ones that didn’t go according to plan. Both US dollar and Japanese Yen has been on a weak streak yesterday. Currencies to keep an eye out for today would be US and Canadian Dollar due to our fundamental watch. Today the US Dollar is looking like it may let out some steam while Japanese Yen could be sidelined. 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 1.32804 and 1.32501.
Fundamental Watch
- Core CPI m/m
- Core Retail Sales m/m
- Fed Chair Yellen Speaks
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Gold flirts with record highs above $2,230, all eyes on US PCE data
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