Good morning. Hope all is well. We seem to have had a good forecast for yesterday with a 71% accuracy on our predictions. Both Japanese Yen and US Dollar currencies have let out a lot of steam through the course of yesterday. Today we are going to keep a close eye on US Dollar, New Zealand Dollar, Swiss Franc and Euro pairs as there are many fundamental news items coming out that could affect these markets. Could see a weak US Dollar and Japanese Yen through today. Not adding any hedged pairs 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 1.06571 and 1.07908.
Fundamental Watch
– FOMC Economic Projections
– FOMC Statement
– Federal Funds Rate
– FOMC Press Conference
– GDP q/q
– Libor Rate
– SNB Monetary Policy Assessment
– SNB Press Conference
– EU Economic Summit
– Targeted LTRO
– Unemployment Claims
– Philly Fed Manufacturing Index
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Editors’ Picks
EUR/USD trades with negative bias, holds above 1.0700 as traders await US PCE Price Index
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USD/JPY jumps above 156.00 on BoJ's steady policy
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Gold price flatlines as traders look to US PCE Price Index for some meaningful impetus
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Sei Price Prediction: SEI is in the zone of interest after a 10% leap
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US economy: Slower growth with stronger inflation
The US Dollar strengthened, and stocks fell after statistical data from the US. The focus was on the preliminary estimate of GDP for the first quarter. Annualised quarterly growth came in at just 1.6%, down from the 2.5% and 3.4% previously forecast.