Our previous forecast headed in our direction for the most part, especially the GBP/USD, the USD/CAD, USD/CHF and the two Oceanic pairs. As we had expected the dollar weakened against many currencies and on the other hand the yen did prove to be strong. Today we have a few fundamental news items coming out that could affect the US dollar, Canadian dollar and Japanese yen. We could continue to see a weak dollar against many currencies and the yen could also weaken. 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 1.36720 and 1.36413.
Fundamental Watch
- CPI m/m
- Employment Change
- Unemployment Rate
- Non-Farm Employment Change
- Unemployment Rate
- Prelim UoM Consumer Sentiment
- BOJ Gov Kuroda Speaks
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