Wednesday’s forecast headed in our direction for the most part, especially EUR/USD, GBP/USD, USD/CAD and USD/CHF. As we had thought US dollar did gain strength against many pairs. On the other hand the Japanese Yen weakened instead of strengthening. We still seem to be at cross roads. Today US dollar could continue to strengthen and Japanese yen also could continue to get stronger. 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 1.37585 and 1.37886.
Fundamental Watch
- Monetary Policy Statement
- BOJ Press Conference
- Unemployment Claims
- PPI q/q
- Manufacturing PMI
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