We have now come to the end of June and we have had some good times, looking forward to another exciting month ahead. Currencies to be closely watched today would be the euro, US, Canadian and New Zealand dollar, we could have some fuel pumped onto them with the fundamental watch. Seem to have had a good forecast for yesterday with 4 of the forecasted pairs conforming, the EUR/USD, GBP/USD, USD/CHF, and EUR/JPY. Again the Oceanic pairs failed to reach our demand zones. Today we could be looking at a sidelined US dollar and Japanese yen could strengthen. Adding three hedged pairs 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 1.36147 and 1.36441.
Fundamental Watch
- ANZ Business Confidence
- CPI Flash Estimate y/y
- GDP m/m
- Pending Home Sales m/m