Good morning. Hope all is well! We seem to have had a moderate forecast for yesterday with a 57% accuracy. We were correct on most pairs on the direction, however on some the markets went deep into our zones before heading in the predicted vector. On some instance the market went deep into the zones as to it had probed through onto the opposite side. euro, New Zealand and US dollar pairs are on our watch list today on account of the fundamental watch. Thought the day we could see a strong US dollar while Japanese yen could weaken. Adding two 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 1.11850 and 1.12176.
Fundamental Watch
– ANZ Business Confidence
– German Prelim CPI m/m
– Prelim GDP q/q