Good morning. Hope all is well! We have had a good forecast for yesterday with 5 out of the 7 pairs conforming to our prediction. As we had expected the US Dollar was sidelined while the Japanese Yen had weakened. Australian Dollar, British Pound and Euro are on our watchlist for today due to the fundamental watch. Through the course of the day we could be seeing a Strong US Dollar and Japanese Yen. Adding one hedged pair to offset the risk. Happy Trading!
Forecasts Outlook
US Dollar: Strong
Today we're expecting the EURUSD to proceed Long above the barrier levels of 1.26645 and 1.26918.
Fundamental Watch
– NAB Business Confidence
– CPI y/y
– German ZEW Economic Sentiment
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