Good morning. Hope all is well! We have had a really good forecast for yesterday with an 86% accuracy with our hedged pairs saving the day. Both Japanese Yen and Greenback has weakened through the course of the day. Looks like it is going to be a very busy end of week with many fundamental news items coming out that could affect all major trading currencies. Also with fundamentals coming out through Saturday and Sunday we could expect some gaps when markets re-open on Monday. US Dollar weakness could continue while Japanese Yen may sideline. Adding two hedged pairs to offset the risk. Happy Trading!
Forecasts Outlook
US Dollar: Weak
Today we're expecting the EURUSD to proceed Short below the barrier levels of 1.12624 and 1.12321.
Fundamental Watch
– Jackson Hole Symposium
– Second Estimate GDP q/q
– Goods Trade Balance
– BOE Gov Carney Speaks
– FOMC Member Fischer Speaks
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