We seem to have had a bit of a turmoil on our yesterday’s forecast, basically most pairs except for EUR/USD didn’t conform to our prediction. This was mainly due to both US and JPY weakening instead of strengthening. We could be in for an exciting day today due to many fundamental factors that are poised to move the markets. The British pound, euro, US dollar and New Zealand dollar are currencies to watch closely. Overall for today 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 1.36201 and 1.36392.
Fundamental Watch
- BOJ Press Conference
- CPI y/y
- German ZEW Economic Sentiment
- BOE Gov Carney Speaks
- Core Retail Sales m/m
- Retail Sales m/m
- Fed Chair Yellen Testifies
- CPI q/q