EUR/USD Forecast: May 11, 2012

Published 05/11/2012, 03:46 AM
Updated 05/14/2017, 06:45 AM

Thursday's market gave mixed results compared to our forecasts. I'm expecting the US dollar to gain strength on Friday, however looking at how the markets reacted on Thursday in terms of correlation and compared to the metals (gold and silver) I see a slight chance that the markets will go completely opposite of our forecasts.

Currency Outlook

US dollar: Strong (possible weakness coming)

Short: EUR/USD

Friday, we expected the EUR/USD to proceed Short below the barrier levels of 1.29865 and 1.29519.

Fundamental Watch
- PPI Input m/m
- Employment Change
- Unemployment Rate
- PPI m/m
- Prelim UoM Consumer Sentiment
EURUSD

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