Good morning. Hope all is well. We seem to have had a bit of a turmoil on our forecast for yesterday with only a 43% accuracy. Japanese yen instead of weakening as we had thought ended up gaining in strength. Today we have three major currencies affected by our fundamental watch. US dollar, euro and New Zealand dollar are on our watch list. Through the course of the day we could be in for a strong US dollar while Japanese yen may sideline. Not adding any hedged pairs to offset the risk. Happy Trading!
Forecasts Outlook
US Dollar: Strong
Today we're expecting the EUR/USD to proceed Short below the barrier levels of 1.14491 and 1.14202.
Fundamental Watch
– FOMC Meeting Minutes
– PPI Input q/q
– ECB Monetary Policy Meeting Accounts
– Unemployment Claims
– Philly Fed Manufacturing Index