Good morning. Hope all is well! We have had an average forecast for yesterday with a 57% accuracy on our predictions for yesterday. As expected the US Dollar gathered a little steam but only by a very small amount (a point on our scale), while Japanese Yen was sidelined. The Yen, Canadian & US Dollar pars are on our watch list for today due to fundamentals. Could be in for a Strong US while Japanese Yen may sideline through the day. Adding two 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 1.14243 and 1.14548.
Fundamental Watch
– BOJ Gov Kuroda Speaks
– Manufacturing Sales m/m
– Prelim UoM Consumer Sentiment
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Editors’ Picks
EUR/USD steady below 1.0800 after US PCE meets expectations
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GBP/USD hovers around 1.2620 in dull trading
GBP/USD trades sideways above 1.2600 amid a widespread holiday restraining action across financial markets. Investors took a long weekend ahead of critical United States employment data next week. Fed Chair Powell coming up next.
Gold price sits at all-time highs above $2,230
Gold price holds near a fresh all-time high at $2,236 in thinned trading amid the Easter Holiday. Most major world markets remain closed, although the United States published core PCE inflation, the Federal Reserve’s favorite inflation gauge.
Jito price could hit $6 as JTO coils up inside this bullish pattern
Jito (JTO) price has been on an uptrend since forming a local bottom in early January. Since then, JTO has revisited the key swing point formed in early December, suggesting the bulls’ intention to move higher.
Key events in developed markets next week
Next week, the main focus will be inflation and the labour market in the Eurozone. We expect services inflation to be impacted by the easter effect, while the unemployment rate to be unchanged.