Good morning. Hope all is well! We have had a good forecast for yesterday with 5 out of the 7 pairs behaving as we had predicted. As expected the US Dollar has weakened significantly. Japanese Yen also had weakened further putting it at the negative end of our scale. Pairs to keep an eye out for today would be the Canadian Dollar currencies as there are two fundamental items being released through the day. We could be looking at a sidelined US Dollar while the Japanese Yen could strengthen and gain 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 1.28977 and 1.28670.
Fundamental Watch
– Core CPI m/m
– Wholesale Sales m/m
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