Good morning. Hope all is well. We have had a moderate forecast for yesterday with a 57% accuracy. This was due to both US dollar and Japanese yen strengthening while we were expecting a weak run. Today we are going to have a special interest on Australian dollar, euro and US dollar pairs, as all the fundamental news items due to come out are related to these currencies. Through the day we could be seeing a weak US dollar together with Japanese yen. Adding two hedged pairs to offset the risk. Happy Trading!
Forecasts Outlook
US dollar: Weak
Today we're expecting the EUR/USD to proceed Long above the barrier levels of 1.12795 and 1.12528.
Fundamental Watch
– German Prelim CPI m/m
– Unemployment Claims
– PPI q/q