A good start to the week as Friday’s forecast headed in our direction for the most part, in fact all pairs behaved close to what was thought possible, specially the GBP/USD and AUD/USD. As we had expected the US dollar did strengthen overall. The Japanese yen has also been on a weak spell, and there could be a hint of a strong spell coming in the weeks to come. Today we are going to take a mixed outlook on US dollar, and Japanese yen could strengthen. Not adding a hedged pair to offset the trading risk.
Forecasts Outlook
US Dollar: Mixed Sentiments
Today we're expecting the EUR/USD to proceed Long above the barrier levels of 1.35355 and 1.35058.
Fundamental Watch
- French Flash Manufacturing PMI
- German Flash Manufacturing PMI
- ECB President Draghi Speaks
- SNB Chairman Jordan Speaks
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