Good morning. Hope all is well! We seem to have had a good forecast for yesterday with a 71% accuracy. US Dollar was sidelined while Japanese Yen had weakened. British Pound, Canadian Dollar pairs are on our watch list today on account of the fundamental watch. Both Japanese Yen and US Dollar pairs are proving a bit hard to read. Adding three hedged pairs 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 1.06500 and 1.06825.
Fundamental Watch
– Manufacturing Production m/m
– Employment Change
– Unemployment Rate
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Editors’ Picks
AUD/USD extends its upside above 0.6600, eyes on RBA rate decision
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EUR/USD: Optimism prevailed, hurting US Dollar demand
The EUR/USD pair advanced for a third consecutive week, accumulating a measly 160 pips in that period. The pair trades around 1.0760 ahead of the close after tumultuous headlines failed to trigger a clear directional path.
Gold holds below $2,300, Fedspeak eyed
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Bitcoin Cash could become a Cardano partnerchain as 66% of 11.3K voters say “Aye”
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Week ahead: BoE and RBA decisions headline a calm week
Bank of England meets on Thursday, unlikely to signal rate cuts. Reserve Bank of Australia could maintain a higher-for-longer stance. Elsewhere, Bank of Japan releases summary of opinions.