Good morning. Hope all is well! We have had an average forecast for yesterday with a 57% accuracy on our predictions. We did take a mixed stance for the day. The US Dollar was sidelined through the day while Japanese Yen gathered a little steam. We have some European news coming out for today that could affect the Euro and British Pound. Going to take a mixed stance for today also as we are unable to see a clear direction. 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 1.13204 and 1.13502.


Fundamental Watch

– CPI y/y

– German ZEW Economic Sentiment

EURUSD

Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. Urbanforex will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.<7p>

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD extends gains above 1.0700 on Powell’s presser

EUR/USD extends gains above 1.0700 on Powell’s presser

The selling bias in the Greenback gathers extra pace as Powell’s press conference is under way, lifting EUR/USD to daily tops past the 1.0700 hurdle.

EUR/USD News

GBP/USD rises above 1.2500 on weaker Dollar

GBP/USD rises above 1.2500 on weaker Dollar

The resumption of the upward pressure sends GBP/USD back above 1.2500 the figure in response to increasing selling pressure hurting the Greenback.

GBP/USD News

Gold surpasses $2,300 as Dollar tumbles

Gold surpasses $2,300 as Dollar tumbles

The precious metal maintains its constructive stance and trespasses the $2,300 region on Wednesday after the Federal Reserve left its FFTR intact, matching market expectations.

Gold News

A new stage of Bitcoin's decline

A new stage of Bitcoin's decline

Bitcoin's closing price on Tuesday became the lowest since late February, confirming the downward trend and falling under March and April support and the psychologically important round level.

Read more

The market welcomes the Fed's statement

The market welcomes the Fed's statement

The market has welcomed the Fed statement, and the S&P 500 is higher in its aftermath, the dollar is lower and Treasury yields are falling. There is still only one cut priced in by the Fed.

Read more

Majors

Cryptocurrencies

Signatures