We were not able to get our forecast out for yesterday as we had issues with collecting data with the backlog from the Independence day holiday. Our previous forecast seems to have gone well with the EUR/USD, GBP/USD, USD/CAD and EUR/JPY conforming to our forecast, that is 4 out of the the 7 pairs. Today British pound is going to be on our watchlist due to our fundamental watch. We could be looking at a both US Dollar and Japanese yen being weak. Adding two 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 1.35784 and 1.36106.
Fundamental Watch
- Manufacturing Production m/m