We could be in for some quiet times today as it’s a bank holiday there and we may not see much movements on our US dollar pairs, however we may see some movement on the euro pairs due to our fundamental watch. We seem to have had a moderate forecast for last week’s Friday with 4 pairs conforming to our predictions the USD/CAD, EUR/JPY and the two Oceanic Pairs. Today we could be in for sidelined US dollar while Japanese yen could be on the weak side. Adding three hedged pairs to offset the trading risk.
Forecasts Outlook
US Dollar: Mixed Sentiments
Today we're expecting the EUR/USD to proceed Short below the barrier levels of 1.36200 and 1.36505.
Fundamental Watch
- ECB President Draghi Speak