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JPY Sidelined While USD Gains In Strength

Published 10/01/2014, 02:42 AM
Updated 05/14/2017, 06:45 AM

Good morning. Hope all is well! We have had a good forecast for yesterday with 5 out of the 7 pairs conforming to our predictions. Specially on EUR/USD and USD/CHF we were very close. The Japanese yen was sidelined while the US dollar gained in strength by a point on our scale. British pound, US dollar and the two Oceanic currencies are on our watchlist today due to the fundamental watch. For today we could be looking at a strong US Dollar Index while the Jen may let out some steam. Adding one hedged pair 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 1.26560 and 1.26256.

Fundamental Watch
– Manufacturing PMI
– ADP Non-Farm Employment Change
– ISM Manufacturing PMI
– GDT Price Index
– Building Approvals m/m
– Trade Balance

EUR/USD Daily Chart

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