Good morning everyone! Hope everyone had a good week end! We seem to have a really good forecast on Friday where 6 out of the 7 pairs behaved very close to what we had thought possible. Only GBP/USD was the culprit that went in the opposite direction. Today we could be in for some moves on US Dollar pairs and Australian Dollar pairs due to our fundamental watch. US Dollar could be on the strong side through the course of the day while Japanese Yen could be sidelined. Adding two hedged pairs to offset the trading risk. Happy Trading!
Forecasts Outlook
US Dollar: Strong
Today we're expecting the EUR/USD to proceed Short below the barrier levels of 1.38858 and 1.39055.
Fundamental Watch
- Core Retail Sales m/m
- Retail Sales m/m
- Monetary Policy Meeting Minutes