Monday’s forecast went in our direction for the most part. There were a few issues with the oceanic pairs as they seems to have broken out of range and picked a new direction. At the moment the dollar is hard to ready as it is out of sync and still has not picked a direction. Overall US dollar has been weak for sometime but has been gaining some steam against a few pairs. The Japanese yen is looking like it is turning from a strong position to a weak one on the long run. Today the US dollar could strengthen and presently the yen is a bit hard to read. Not adding any 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 1.34192 and 1.34449.
Fundamental Watcc:
Existing Home Sales
FOMC Meeting Minutes
HSBC Flash Manufacturing PMI