Thursday’s forecast headed in our direction for the most part, in fact all pairs behaved close to what was thought possible, especially GBP/USD, USD/CAD, and the two oceanic pairs the AUD/USD and NZD/USD. As we had expected the US dollar did strengthen overall. but the pairs did not have enough strength to reach our blue zones. The Japanese yen has also been on a weak spell, and there could be a hint of a strong spell coming in the weeks to come. Today we are going to take a strong outlook on US dollar and Japanese yen is a bit hard to read. Not adding a hedged pair 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 1.35737 and 1.35446.
Fundamental Watch
- Core CPI m/m
- FOMC Member Bullard SpeaksEUR/USD" title="EUR/USD" src="https://d1-invdn-com.akamaized.net/content/pice554c4bbcda5b7818b2eb917d5566993.jpg" height="587" width="454">