We have had a good forecast for our Friday forecast with majority of the pairs conforming to our prediction. It looks like a 5 out of 7. On the Oceanic pairs markets punched through our blue zone but on all other pairs they were respected. The dollar has strengthened while the yen was more sidelined. Would be wise to keep a close eye on the Kiwi and euro pairs due to our fundamental watch for today. We could be looking at a strong US dollar and a weak yen today. Adding one hedged pair to offset the trading risk.
Forecasts Outlook
US dollar: Strong
Today we're expecting the EUR/USD to proceed Short below the barrier levels of 1.26939 and 1.27238.
Fundamental Watch
– German Prelim CPI m/m
– ANZ Business Confidence