Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

USD: Looking Strong Today

ByForex Watchers
Published 11/19/2014, 12:29 AM
Updated 05/14/2017, 06:45 AM

Good morning. Hope all is well. We seem to have a had a good forecast for yesterday with all of the US Dollar pairs performing as predicted. As we had thought the dollar did weaken at the onset and gathered some steam later on. On some instances the markets reached our blue zones and was shy to come out while on some instances the zones were very strong that the markets got rejected quickly. On the other hand the Japanese Yen pair did not behave as we expected due the Yen continuing to weaken. We were more on a strong stance for Yen. All in all a good forecast. yen, British pound and the US Dollar are on our watchlist for today due to the fundamental watch. Through the course of the day we could see a strong US Dollar while Japanese Yen may sideline. Not adding any 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 1.25361 and 1.25020.

Fundamental Watch
– Monetary Policy Statement
– BOJ Press Conference
– MPC Official Bank Rate Votes
– Building Permits

EUR/USD Daily Chart

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.