Good morning. Hope all is well! We have had a moderate forecast for yesterday with 4 out of the 7 pairs behaving as predicted. This was mainly due to US Dollar and Japanese Yen going in the opposite direction to the strength & weakness that we had thought possible. Basically the US Dollar weakened instead of strengthening while Japanese Yen was more sidelined but had a little strength. British Pound, US Dollar and Euro are on our watchlist today due to the fundamental watch. For today we could be looking at a weak US Dollar while the Yen may gather some steam. Not adding any hedged pairs to offset the trading risk. Happy Trading!
Forecasts Outlook
US Dollar: Weak
Today we're expecting the EURUSD to proceed Long above the barrier levels of 1.25942 and 1.26286.
Fundamental Watch
– Construction PMI
– Minimum Bid Rate
– ECB Press Conference
– Unemployment Claims
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