Our previous forecast on Tuesday had done well with 6 out of the 7 pairs conforming to our forecast. The US Dollar pairs are on our watchlist today due to all news items that are coming out that could fuel these markets. Overall for today we could be looking at a strong dollar and yen. Adding one hedged pairs to offset the trading risk.
Forecasts Outlook
US Dollar: Strong
Today we're expecting the EUR/USD to proceed Short below the barrier levels of 1.35277 and 1.35578.
Fundamental Watch
- Building Permits
- Unemployment Claims
- Philly Fed Manufacturing Index