Good morning. Hope all is well! We have had an average forecast for yesterday with a 57% accuracy. US Dollar had weakened while Japanese Yen ranged, we had taken a mixed stance for the day. Could be in for a busy Friday with NFP and other fundamentals coming out that can affect all major trading currencies. Specially the G20 meeting over the weekend can have a profound effect on the markets. US Dollar could gather some steam through the day together with Japanese Yen. Adding two hedged pairs to offset the risk. Happy Trading!


Forecasts Outlook

US Dollar: Strong


Today we're expecting the EURUSD to proceed Short below the barrier levels of 1.11415 and 1.11103.


Fundamental Watch

– FOMC Member Lacker Speaks

– Employment Change

– Unemployment Rate

– Average Hourly Earnings m/m

– Non-Farm Employment Change

– Unemployment Rate

– Ivey PMI

– G20 Meetings

EURUSD

Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. Urbanforex will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.<7p>

Recommended Content


Recommended Content

Editors’ Picks

AUD/USD favours extra retracements in the short term

AUD/USD favours extra retracements in the short term

AUD/USD kept the negative stance well in place and briefly broke below the key 0.6400 support to clinch a new low for the year on the back of the strong dollar and mixed results from the Chinese docket.

AUD/USD News

EUR/USD now shifts its attention to 1.0500

EUR/USD now shifts its attention to 1.0500

The ongoing upward momentum of the Greenback prompted EUR/USD to lose more ground, hitting new lows for 2024 around 1.0600, driven by the significant divergence in monetary policy between the Fed and the ECB.

EUR/USD News

Gold aiming to re-conquer the $2,400 level

Gold aiming to re-conquer the $2,400 level

Gold stages a correction on Tuesday and fluctuates in negative territory near $2,370 following Monday's upsurge. The benchmark 10-year US Treasury bond yield continues to push higher above 4.6% and makes it difficult for XAU/USD to gain traction.

Gold News

Bitcoin price defends $60K as whales hold onto their BTC despite market dip

Bitcoin price defends $60K as whales hold onto their BTC despite market dip

Bitcoin (BTC) price still has traders and investors at the edge of their seats as it slides further away from its all-time high (ATH) of $73,777. Some call it a shakeout meant to dispel the weak hands, while others see it as a buying opportunity.

Read more

Friday's Silver selloff may have actually been great news for silver bulls!

Friday's Silver selloff may have actually been great news for silver bulls!

Silver endured a significant selloff last Friday. Was this another step forward in the bull market? This may seem counterintuitive, but GoldMoney founder James Turk thinks it was a positive sign for silver bulls.

Read more

Majors

Cryptocurrencies

Signatures