Good morning. Hope all is well! We seem to have had an average forecast for yesterday with a 57% accuracy on our directions. On some instances, the markets violated our zones and then moved in the predicted directions. Instead of weakening as we had thought, both US dollar and Japanese yen were sidelined through the day. For today, there are many news items that are coming out that could affect the two oceanic currency pairs. Through the course of the day, we could see a weakening of the US dollar and Japanese yen. Adding one hedged pair to offset the risk. Happy Trading!
Forecasts Outlook
US Dollar: Weak
Today we're expecting the EUR/USD to proceed Long above the barrier levels of 1.12896 and 1.12594.
Fundamental Watch
– RBA Gov Stevens Speaks
– Manufacturing Production m/m
– BOE Gov Carney Speaks
– Official Cash Rate
– RBNZ Rate Statement
– RBNZ Press Conference
– Employment Change
– Unemployment Rate