Good morning. Hope all is well! We seem to have had a bit of a turmoil on our forecast for yesterday with only a 29% accuracy on our predictions. This was mainly due to the markets sidelining through the day, we did end up taking a mixed stance on our directions for yesterday. Japanese Yen, British Pound, Euro and US Dollar pairs are on our watch list today on account of the fundamental watch. We could see a weak US Dollar and Japanese Yen. 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 1.11105 and 1.10812.


Fundamental Watch

– FOMC Meeting Minutes

– French Flash Manufacturing PMI

– German Flash Manufacturing PMI

– Retail Sales m/m

– ECB Monetary Policy Meeting Accounts

– Unemployment Claims

– Existing Home Sales

– Philly Fed Manufacturing Index

– Monetary Policy Statement

– BOJ Press Conference

EURUSD

Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. Urbanforex will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.<7p>

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD clings to daily gains above 1.0650

EUR/USD clings to daily gains above 1.0650

EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.

EUR/USD News

GBP/USD recovers toward 1.2450 after UK Retail Sales data

GBP/USD recovers toward 1.2450 after UK Retail Sales data

GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.

GBP/USD News

Gold holds steady at around $2,380 following earlier spike

Gold holds steady at around $2,380 following earlier spike

Gold stabilized near $2,380 after spiking above $2,400 with the immediate reaction to reports of Israel striking Iran. Meanwhile, the pullback seen in the US Treasury bond yields helps XAU/USD hold its ground.

Gold News

Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium

Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in

Bitcoin price shows no signs of directional bias while it holds above  $60,000. The fourth BTC halving is partially priced in, according to Deutsche Bank’s research. 

Read more

Geopolitics once again take centre stage, as UK Retail Sales wither

Geopolitics once again take centre stage, as UK Retail Sales wither

Nearly a week to the day when Iran sent drones and missiles into Israel, Israel has retaliated and sent a missile into Iran. The initial reports caused a large uptick in the oil price.

Read more

Majors

Cryptocurrencies

Signatures