Good morning. Hope all is well! We have had a really good forecast for yesterday with an 86% accuracy on our predictions. It was good that we took a sidelined stance as both US Dollar and Japanese Yen did not trend at all, they were both very much sidelined. We may be in for a busy day today also with many fundamental items coming out that could affect many major trading currencies. Through the course of today we could be looking at a strong US Dollar and a weak 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 Short below the barrier levels of 1.11919 and 1.11634.
Fundamental Watch
– Manufacturing PMI
– BOE Gov Carney Speaks
– Eurogroup Meetings
– ADP Non-Farm Employment Change
– ISM Manufacturing PMI
– GDT Price Index
– Trade Balance
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