EURUSD Forecast for July 29

Good morning, hope everyone had a great week end! Friday’s forecasts went in our direction for the most part, however two pairs had the strength to retrace to out blue zones, but overall we were in the correct direction. We could see some action on Japanese Yen in time to come. Today we are expecting the US Dollar to weaken moderately, while Japanese Yen could strengthen. Not adding a hedged pair to offset the trading risk. Happy trading everyone!!

Forecasts Outlook

US Dollar : Weak

Today we're expecting the EURUSD to proceed Long above the barrier levels of 1.32869 and 1.32600.

Fundamental Watch

- Net Lending to Individuals m/m

- M4 Money Supply m/m

- Mortgage Approvals

- CBI Realized Sales

- Pending Home Sales m/m

- Building Consents m/m

- Household Spending y/y

- Unemployment Rate

- Prelim Industrial Production m/m

- BOJ Gov Kuroda Speaks

- Building Approvals m/m

- RBA Gov Stevens Speaks


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