We seem to have had a bit of a turmoil on our forecast for yesterday. This was due to both Japanese yen and the US dollar strengthening instead of weakening. Should have gone for a few hedged pairs. Euro, US and New Zealand dollar pairs are on our watch list for today on account of the fundamental watch. We could see the continuation of the strength on US dollar through the day while Japanese yen could be sidelined. Adding two hedged pairs to offset the risk. Happy Trading!
Forecasts Outlook
US dollar: Strong
Today we're expecting the EUR/USD to proceed Long above the barrier levels of 1.10211 and 1.09913.
Fundamental Watch
– CPI q/q
– Greek Gov Debt Crisis Vote
– Eurogroup Meetings
– Minimum Bid Rate
– ECB Press Conference
– Unemployment Claims
– Fed Chair Yellen Testifies
– Philly Fed Manufacturing Index