The US Dollar pairs are on our watchlist for today due to our fundamental watch. Both the news items that are due to come out today could be fueling movements on these pairs. We seem to have had a really good forecast for yesterday with 6 pairs out of 7 conforming to our forecasts. On the AUD/USD we got the direction correct but it punched through our demand zone, while the NZD/USD reached our demand zone and bounced right off it as per plan. Today we could be looking at a strong US dollar and Japanese yen. Adding two hedged pair 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 1.36524 and 1.36123.
Fundamental Watch
- Core Durable Goods Orders m/m
- Final GDP q/q