Good morning! Hope all is well.
Today we could have some fuel pumped onto the US Dollar pairs due to our fundamental watch. Yesterday’s forecast was a moderate one with 4 out of the 7 pairs performing to our forecast. GBP/USD, USD/CAD, AUD/USD, and EUR/JPY were the endearing pairs. We did have issues with the other pairs where markets made sudden spikes disrespecting our supply/demand zones. We could be in for a strong US dollar today and the Japanese yen could be looking at a weaker move. We're adding one hedged pair to offset the trading risk. Happy Trading!
Forecasts Outlook
US Dollar: Strong
Today we're expecting the EURUSD to proceed Short below the barrier levels of 1.37312 and 1.36993.
Fundamental Watch
- Building Permits
- Prelim UoM Consumer Sentiment