Good morning everyone. Yesterday's forecasts caught the market's overall direction including one of our hedged pairs. Today, I'm expecting the US Dollar to gain some strength. However, I still see some movement left for a weakening of the US Dollar. I'm going to add 1 pair to the hedged currency pairs list to offset the trading risk today.
Currency OutlookUS Dollar : Strong
Short : EURUSD
Today we're expecting the EURUSD to proceed Short below the barrier levels of 1.24092 and 1.24386.
Fundamental Watch- BOE Gov King Speaks
- BOE Inflation Report
- Employment Change q/q
- Unemployment Rate
- CPI y/y
- Monetary Policy Statement