Good morning! Hope everyone had a great Easter! We have all had a great break over the easter and are eager to get back into our forecasts! Today we could be in for some moves on Australian and US Dollar pairs due to our fundamental watch. Apologies for the late forecast for today as some of the moves seems to have already taken place on some pairs. US Dollar could be on the weak side through the course of the day while Japanese Yen could be sidelined. Not adding any hedged pairs to offset the trading risk. Happy Trading!
Forecasts Outlook
US Dollar: Weak
Today we're expecting the EURUSD to proceed Long above the barrier levels of 1.37980 and 1.37864.
Fundamental Watch
- Existing Home Sales
- CPI q/q
- HSBC Flash Manufacturing PMI
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