Good morning. Hope all is well! We have had a good forecast for Friday with a 71% accuracy. We did take a mixed stance on the direction of our two currencies, they seem to have weakened through the day. British Pound and the Australian Dollar pairs are going to be on our watch list on account of the fundamentals for today. Going to take a mixed outlook for today also for both currencies. Adding three hedged pairs to offset the risk. Happy Trading!
Forecasts Outlook
US Dollar: Mixed Sentiments
Today we're expecting the EURUSD to proceed Short below the barrier levels of 1.10709 and 1.10407.
Fundamental Watch
– Manufacturing PMI
– ISM Manufacturing PMI
– Cash Rate
– RBA Rate Statement
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GBP/USD advances toward 1.2500 on weaker US Dollar
GBP/USD is extending recovery gains toward 1.2500 in the European morning on Thursday. The pair stays supported by a sustained US Dollar weakness alongside the US Treasury bond yields. Risk appetite also underpins the higher-yielding currency pair. ahead of mid-tier US data and Fedspeak.
Gold appears a ‘buy-the-dips’ trade on simmering Israel-Iran tensions
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Have we seen the extent of the Fed rate repricing?
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