Monday’s forecasts went in our direction for the most part, three of the pairs had some steam to break through our blue zones. Overall, as we had anticipated, we had a slow day with the slight strengthening of US Dollar and weakening of Japanese Yen. Today we may see some strong moves towards the end of the day. I am going to take a strong outlook on US Dollar while Japanese Yen could weaken. I’m adding a hedged pair to offset the trading risk. Happy trading everyone!!
Forecasts Outlook
US Dollar: Strong
Today we're expecting the EUR/USD to proceed Short below the barrier levels of 1.28752 and 1.29069.
Fundamental Watch
- Manufacturing Production m/m
- Westpac Consumer Sentiment