Good morning.  Hope all is well! We seem to have had a good forecast for yesterday with a 71% accuracy.  On the oceanic pairs we had the expected move from our demand zones and later in the day the markets turned around. For today Euro and New Zealand Dollar pairs are on our watch list on account of the fundamental watch. Could be looking at a sidelined US Dollar while Japanese Yen may weaken.  Adding two hedged pairs to offset the risk.  Happy Trading!


Forecasts Outlook

US Dollar : Mixed Sentiments

Japanese Yen : Weak


Today we're expecting the EURUSD to proceed Long above the barrier levels of 1.09900 and 1.09600.


Fundamental Watch

– Trade Balance

– French Flash Manufacturing PMI

– German Flash Manufacturing PMI

EURUSD July 24

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

AUD/USD rises to two-day high ahead of Aussie CPI

AUD/USD rises to two-day high ahead of Aussie CPI

The Aussie Dollar recorded back-to-back positive days against the US Dollar and climbed more than 0.59% on Tuesday, as the US April S&P PMIs were weaker than expected. That spurred speculations that the Federal Reserve could put rate cuts back on the table. The AUD/USD trades at 0.6488 as Wednesday’s Asian session begins.

AUD/USD News

EUR/USD holds above 1.0700 on weaker US Dollar, upbeat Eurozone PMI

EUR/USD holds above 1.0700 on weaker US Dollar, upbeat Eurozone PMI

EUR/USD holds above the 1.0700 psychological barrier during the early Asian session on Wednesday. The weaker-than-expected US PMI data for April drags the Greenback lower and creates a tailwind for the pair. 

EUR/USD News

Gold price cautious despite weaker US Dollar and falling US yields

Gold price cautious despite weaker US Dollar and falling US yields

Gold retreats modestly after failing to sustain gains despite fall in US Treasury yields, weaker US Dollar. XAU/USD struggles to capitalize following release of weaker-than-expected S&P Global PMIs, fueling speculation about potential Fed rate cuts.

Gold News

Ethereum ETF issuers not giving up fight, expert says as Grayscale files S3 prospectus

Ethereum ETF issuers not giving up fight, expert says as Grayscale files S3 prospectus

Ethereum exchange-traded funds theme gained steam after the landmark approval of multiple BTC ETFs in January. However, the campaign for approval of this investment alternative continues, with evidence of ongoing back and forth between prospective issuers and the US SEC.

Read more

Australia CPI Preview: Inflation set to remain above target as hopes of early interest-rate cuts fade

Australia CPI Preview: Inflation set to remain above target as hopes of early interest-rate cuts fade

An Australian inflation update takes the spotlight this week ahead of critical United States macroeconomic data. The Australian Bureau of Statistics will release two different inflation gauges on Wednesday.

Read more

Majors

Cryptocurrencies

Signatures