We seem to have had a really good forecast for Tuesday with 6 out of the 7 pairs moving in the direction that we had predicted. The GBP/USD, USD/CAD, USD/CHF and EUR/JPY we were spot on, while on the Oceanic Pairs we had the direction correct markets did not move into our demand/blue zones. The EUR/USD was the odd one out that ended up moving in the opposite direction to what was predicted. All in all a good forecast. Today we could be seeing some movements on Canadian dollar and Japanese yen due to our fundamental watch. Could be looking at a strong US dollar and Japanese yen. Adding one hedged pair to offset the trading risk.
Forecasts Outlook
US Dollar: Strong
Today we're expecting the EUR/USD to proceed Short below the barrier levels of 1.36174 and 1.36470.
Fundamental Watch
- BOJ Gov Kuroda Speaks
- Core CPI m/m
- Core Retail Sales m/m