Good morning. Hope all is well. We seem to have had a 100% accuracy on our directions for yesterday’s forecasts. As we had suspected both Japanese Yen and US Dollar did gather a little steam. On some instances the market did pierce through our zones for a little bit, but ended up going in our directions after all leaving tails/wicks on the opposite sides. British Pound, Swiss Franc, US and Canadian Dollar pairs are on our radar today on account of the fundamental watch. We could see a sidelined US Dollar while Japanese Yen may strengthen. Adding three hedged pair to offset the risk. Happy Trading!
Forecasts Outlook
US Dollar: Mixed Sentiments
Today we're expecting the EURUSD to proceed Long above the barrier levels of 1.09604 and 1.09895.
Fundamental Watch
– Retail Sales m/m
– Unemployment Claims
– BOC Gov Poloz Speaks
– Gov Board Member Zurbrugg Speaks
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EUR/USD edges lower toward 1.0700 post-US PCE
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GBP/USD retreats to 1.2500 on renewed USD strength
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Gold struggles to hold above $2,350 following US inflation
Gold turned south and declined toward $2,340, erasing a large portion of its daily gains, as the USD benefited from PCE inflation data. The benchmark 10-year US yield, however, stays in negative territory and helps XAU/USD limit its losses.
Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium
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Week ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too
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