Good morning. Hope all is well! We have had a really good forecast for yesterday with 6 out of the 7 pairs playing out as we had predicted. AUDUSD was the only odd pair out that punched through our blue supply/demand zones. A good forecast indeed! We could be seeing more action today with many fundamental news items due to come out that may fuel markets such as Japanese Yen, US Dollar, British Pound and Canadian Dollar. Throughout the day we could be in for a weak US Dollar and Japanese Yen. Adding one hedged pair to offset the risk. Happy Trading!
Forecasts Outlook
US Dollar: Weak
Today we're expecting the EURUSD to proceed Long above the barrier levels of 1.24238 and 1.23966.
Fundamental Watch
- BOJ Gov Kuroda Speaks
- Inflation Report Hearings
-Core Retail Sales m/m
- Prelim GDP q/q
- CB Consumer Confidence
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