Good morning. Hope all is well. We seem to have had a moderate forecast for yesterday with 4 out of the 7 pairs behaving as predicted. This was due to US Dollar strengthening slightly instead of weakening as we had thought. Also Japanese yen gained a bit of strength instead of weakening. Euro, USD Dollar and Australian Dollar pairs are on our watchlist for today due to our fundamental watch. Both US Dollar and Japanese Yen could be on the weak site today. Adding two hedged pairs to offset the trading risk. Happy Trading!
Forecasts Outlook
US Dollar: Weak
Today we're expecting the EURUSD to proceed Short below the barrier levels of 1.34328 and 1.34030.
Fundamental Watch
- German Prelim CPI m/m
- ADP Non-Farm Employment Change
- Advance GDP q/q
- FOMC Statement
- Building Approvals m/m
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EUR/USD holds gains near 1.0650 amid risk reset
EUR/USD is holding onto its recovery mode near 1.0650 in European trading on Friday. A recovery in risk sentiment is helping the pair, as the safe-haven US Dollar pares gains. Earlier today, reports of an Israeli strike inside Iran spooked markets.
GBP/USD recovers toward 1.2450 after UK Retail Sales data
GBP/USD is rebounding toward 1.2450 in early Europe on Friday, having tested 1.2400 after the UK Retail Sales volumes stagnated again in March, The pair recovers in tandem with risk sentiment, as traders take account of the likely Israel's missile strikes on Iran.
Gold price defends gains below $2,400 as geopolitical risks linger
Gold price is trading below $2,400 in European trading on Friday, holding its retreat from a fresh five-day high of $2,418. Despite the pullback, Gold price remains on track to book the fifth weekly gain in a row, supported by lingering Middle East geopolitical risks.
Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium
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Geopolitics once again take centre stage, as UK Retail Sales wither
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