Good morning. Hope all is well. We have had a good moderate forecast for yesterday with 4 out of the 7 pairs conforming to our predictions. Specially the two Oceanic pairs performed well. Both US Dollar and the Yen ended being weak, US weakened by 2 points on our scale while Yen held it’s weakness at the extreme end of the scale. Today the currencies to keep a close eye on would be Euro and Canadian Dollar due to our fundamental watch. Through the course of the day we could be seeing a continuation of yesterday’s weakness on US Dollar while Japanese Yen may show some strength. Not adding any hedged pairs 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 1.25241 and 1.25516.
Fundamental Watch
– ECB President Draghi Speaks
– Core CPI m/m
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