Good morning. Hope all is well! We seem to have had a good forecast for yesterday with a 66% accuracy. As we had thought Japanese Yen did strengthen slightly against all other pairs while we were wise to take a mixed stance on US Dollar as it was sidelined. Today we have many news items coming out that could fuel market movements on US Dollar, Canadian Dollar, Japanese Yen and British Pound, with majority of the items that could affect Canadian Dollar alone. Both US Dollar and Japanese Yen are proving a bit hard to read. Adding two hedged pair to offset the risk. Happy Trading!
Forecasts Outlook
US Dollar: Mixed Sentiments
Today we're expecting the EURUSD to proceed Short below the barrier levels of 1.15819 and 1.16060.
Fundamental Watch
– BOJ Press Conference
– Average Earnings Index 3m/y
– Claimant Count Change
– MPC Official Bank Rate Votes
– Wholesale Sales m/m
– Building Permits
– BOC Monetary Policy Report
– BOC Rate Statement
– Overnight Rate
– BOC Press Conference
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