We seem to have had a bit of a turmoil on yesterday’s forecast as only the USD/CAD and EUR/JPY behaved very close to our prediction. On the Oceanic pairs we had got the direction right, however markets didn’t move into our blue zones, they basically turned around earlier. Today we could expect some moves on Japanese yen, US dollar, British pound and Canadian dollar. Through the course of the day both US dollar and Japanese yen could be heading towards a weak side. Adding two hedged pairs to offset the trading risk. Happy trading everyone!!
Forecasts Outlook
US dollar: Mixed Sentiments
Today we're expecting the EUR/USD to proceed Long above the barrier levels of 1.37481 and 1.37183.
Fundamental Watch
- BOJ Press Conference
- Manufacturing Production m/m
- Building Permits m/m
- JOLTS Job Openings