Friday’s forecast headed in our direction on most pairs, especially the USD/CAD, USD/CHF, NZD/USD and EUR/JPY. However, there were issues with the EUR/USD and CHF/USD where they went in the opposite directions. The US dollar did strengthen against some currencies, but not against others. We have come to the end of the month and are looking forward to a good month ahead. Today we could be looking at a strong dollar, while the yen could weaken. 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 1.35651 and 1.35354.
Fundamental Watch
- GDP m/m
- Manufacturing PMI
- Retail Sales m/m
EUR/USD" title="EUR/USD" src="https://d1-invdn-com.akamaized.net/content/picdd5086c37565e3cd6e4e709b0502e750.jpg" height="587" width="442">