Good morning, hope all is well! Thursday’s forecast had a bit of a turmoil, looks like only USDCAD, AUDUSD and EURJPY behaved close to what was thought possible. The US Dollar did not weaken as we had thought but gained some strength, while Japanese Yen did weaken slightly as we had thought. Today we could be looking at a strong US Dollar while Japanese Yen is a bit hard to read. Adding a hedged pair to offset the trading risk. Happy trading everyone!!
US Dollar: Strong
Today we're expecting the EURUSD to proceed Short below the barrier levels of 1.35105 and 1.34809.
- ECB President Draghi Speaks
- Tentative EUR
- Italian 10-y Bond Auction- FOMC Member Evans Speaks
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.