We have had a really good forecast for yesterday with an 86% accuracy on our predictions. It was good that we took a sidelined stance as both US dollar and Japanese yen did not trend at all, they were both very much sidelined. We may be in for a busy day today also with many fundamental items coming out that could affect many major trading currencies. Through the course of today we could be looking at a strong US dollar and a weak Japanese yen. 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 1.11919 and 1.11634.
Fundamental Watch
– Manufacturing PMI
– BOE Gov Carney Speaks
– Eurogroup Meetings
– ADP Non-Farm Employment Change
– ISM Manufacturing PMI
– GDT Price Index
– Trade Balance