Good morning! Today we could be in for some movements/action on US Dollar pairs as some fuel will be injected by a few fundamentals. We had an average forecast for yesterday as market moved in our direction initially and then later crashed through our blue zones. As we had thought the Oceanic Pairs did not let out that much steam to reach our blue zones but it has halted earlier as we had predicted. However on the other hand Japanese Yen instead of weakening ended up gathering some momentum all together. All in all it was a positive forecast. Today we could see a weak US Dollar and Japanese could be sidelined. Not adding any hedged pairs to offset the trading risk. Happy trading everyone!!
Forecasts Outlook
US Dollar: Weak
Today we're expecting the EURUSD to proceed Long above the barrier levels of 1.39661 and 1.39405.
Fundamental Watch
- PPI m/m
- Prelim UoM Consumer Sentiment
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