Good morning. Hope everyone had a good week end! We seem to have had a good forecast for last week Friday with an 86% accuracy. As expected the US dollar had weakened while Japanese yen on the other hand strengthened instead of weakening, hence this pair ended up punching through our blue zone. Today British pound, euro and US dollar pairs are on our watch list on the account of the fundamental watch. We could be seeing a weak US dollar while Japanese yen may sideline. 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 1.12836 and 1.13123.
Fundamental Watch
– Spanish Unemployment Change
– Manufacturing PMI
– ISM Manufacturing PMI