We seem to have a good result for our previous forecasts with 5 out of the 7 pairs conforming to our predictions. EURUSD, USDCHF and the Oceanic pairs are very close. The US dollar had gathered a lot of steam while the yen also grew strong by a few points on our scale. The Canadian dollar, New Zealand dollar, Australian dollar and Japanese yen are on our watchlist today due to the fundamental watch. Both the US dollar and Japanese yen could be sidelined today. Not adding any hedged pairs to offset the trading risk.
Forecasts Outlook
US Dollar: Mixed Sentiments
Today we're expecting the EURUSD to proceed Short below the barrier levels of 1.25938 and 1.25708.
Fundamental Watch
– Ivey PMI
– NZIER Business Confidence
– Tentative JPY
– Monetary Policy Statement
– Cash Rate
– RBA Rate Statement