We seem to have had a good forecast for yesterday with 5 of our pairs conforming to our forecast. The Oceanic pairs did not reach our demand zones but had some massive strength that came in that strengthened this currency. Currency pairs to keep an eye on for today would be anything with euro, British pound and US dollar as there a significant fueling news items that could come our way. Could be looking at a sidelined US dollar and yen could strengthen. Adding two 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 1.35772 and 1.36071.
Fundamental Watch
- BOJ Gov Kuroda Speaks
- French Flash Manufacturing PMI
- German Flash Manufacturing PMI
- Existing Home Sales