Good morning. Hope everyone had a good long week end! Had a very quiet market yesterday due to Memorial Day. We seem to have had a bit of turmoil on our previous forecast. Only 2 pairs seems to have behaved close to our predictions, this was mainly due to US Dollar and Japanese Yen strengthening instead of weakening as we had thought. Through today could see some volatility in the markets as the G7 meeting outcomes could affect all the major trading currencies. Could see further strengthening of US Dollar and Japanese Yen. Not adding any hedged pairs to offset the risk. Happy Trading!
Forecasts Outlook
US Dollar: Strong
Today we're expecting the EURUSD to proceed Short below the barrier levels of 1.09704 and 1.10002.
Fundamental Watch
– Trade Balance
– Core Durable Goods Orders m/m
– CB Consumer Confidence
– G7 Meetings
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