Good morning. Hope all is well! We have had a bit of a turmoil in our forecast for yesterday with only a 29% accuracy. This was mainly due to the US Dollar strengthening as opposed to weakening as we had predicted. Today we could be in for a busy day with many fundamental items coming out that could affect many major currencies. British Pound, Australian, US and Canadian Dollar pairs are on our watch list. Throughout today US Dollar could continue to gather steam together with Japanese Yen. Adding two 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 1.10924 and 1.10621.
Fundamental Watch
– Retail Sales m/m
– Trade Balance
– Official Bank Rate
– MPC Rate Statement
– Minimum Bid Rate
– ECB Press Conference
– Unemployment Claims
– Ivey PMI
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