We seem to have had a really good forecast for yesterday with 6 out of the 7 pairs moving in the direction that we had predicted. The GBP/USD, USD/CAD, USD/CHF and EUR/JPY we were spot on, while on the Oceanic Pairs we had the direction correct markets did not move into our demand/blue zones. The EUR/USD was the odd one out that ended up moving in the opposite direction to what was predicted. All in all a good forecast. British pound, euro and US dollar are going to be on our watchlist for today due to our fundamental watch. We could be looking at a strong US dollar and Japanese yen. Adding two hedged pairs 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 1.35942 and 1.35642.
Fundamental Watch
- CPI y/y
- German ZEW Economic Sentiment
- Building Permits
- Core CPI m/m