Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

EUR/USD To Proceed Short Below 1.12624 And 1.12321

Published 08/28/2015, 01:15 AM
Updated 05/14/2017, 06:45 AM

Good morning. Hope all is well! We have had a really good forecast for yesterday, with an 86% accuracy, with our hedged pairs saving the day. Both Japanese yen and greenback have weakened through the course of the day. Looks like it is going to be a very busy end of week, with many fundamental news items coming out that could affect all major trading currencies. Also with fundamentals coming out through Saturday and Sunday, we could expect some gaps when markets re-open on Monday. US dollar weakness could continue, while Japanese yen may sideline. Adding two hedged pairs to offset the risk. Happy Trading!

Forecasts Outlook
US Dollar: Weak

Today we're expecting the EUR/USD to proceed Short below the barrier levels of 1.12624 and 1.12321.

Fundamental Watch
– Jackson Hole Symposium
– Second Estimate GDP q/q
Goods Trade Balance
BOE Gov Carney Speaks
FOMC Member Fischer Speaks

EUR/USD Chart

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.