We seem to have had a bit of a turmoil on our forecast for yesterday with only 3 out of the 7 pairs conforming to our forecast. The US Dollar did end up being weak but not as much as we had expected, hence the movement in opposite direction to our forecast on some pairs. Today we could be in for some fueling movements on British pound, Canadian dollar and US dollars pairs. US dollar is proving a bit hard to read and could be sidelined while Japanese yen could continue to strengthen. Adding three hedged pair to offset the trading risk.
Forecasts Outlook
US Dollar: Mixed Sentiments
Today we're expecting the EUR/USD to proceed Long above the barrier levels of 1.37234 and 1.36936.
Fundamental Watch
- BOJ Gov Kuroda Speaks
- German Prelim GDP q/q
- Manufacturing Sales m/m
- Core CPI m/m
- Unemployment Claims
- Philly Fed Manufacturing Index
- Fed Chair Yellen Speaks
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EUR/USD To Proceed Long Above Barrier Levels 1.37234 And 1.3693
Published 05/15/2014, 02:04 AM
Updated 05/14/2017, 06:45 AM
EUR/USD To Proceed Long Above Barrier Levels 1.37234 And 1.3693
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