We had about 4 pairs out of the 7 conforming to our forecast for yesterday. The EUR/USD, GBP/USD, USD/CHF, and EUR/JPY were very close, the oceanic pairs on the other hand did not reach our demand zones. The US dollar actually weakened throughout the day while Japanese yen got stronger as we had thought. British pound and euro are on our watchlist today due to the fundamental watch. We could be looking at a strong US dollar and Japanese yen could weaken. Not adding any 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 1.36364 and 1.36064.
Fundamental Watch
- German Prelim CPI m/m
- Current Account