We seem to have a good forecast for our previous one where about 5 out of the 7 pairs behaved close to what we had thought possible. It was an odd day with markets not reaching our supply/demand zones on some pairs. Currencies to keep an eye out for today would be the Australian dollar, British pound and Canadian dollar pairs with our fundamental watch. Today we could be looking at a weak US dollar while Japanese yen may gather some steam. Not adding any hedged pairs to offset the trading risk.
Forecasts Outlook
US Dollar: Weak
Today we're expecting the EUR/USD to proceed Long above the barrier levels of 1.31068 and 1.31369.
Fundamental Watch
- GDP q/q
- RBA Gov Stevens Speaks
- Services PMI
- BOC Rate Statement
- Overnight Rate