Good morning. Hope all is well! We seem to have had a bit of a turmoil on our forecast for yesterday with only 3 pairs behaving as predicted. This was mainly due to the US Dollar weakening instead of strengthening as we had thought. Most of the pairs failed to reach our supply/demand zones. Today we could be in for some moves on New Zealand Dollar, British Pound and US Dollar currencies due to our fundamental watch. US Dollar could be sidelined and the Japanese Yen may gain some momentum. Adding three 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 1.29343 and 1.29649.
Fundamental Watch
– Current Account
– Average Earnings Index 3m/y
– Claimant Count Change
– MPC Asset Purchase Facility Votes
– MPC Official Bank Rate Votes
– CPI m/m
– Core CPI m/m
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