Tuesday’s forecast went in our direction for the most part, in fact all pairs behaved close to what was thought possible. As we had expected the US dollar strengthened during the course of the day. The dollar has been weakening the last couple of weeks and seems to have turned into a strong spell. 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 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 1.33490 and 1.33796.
Fundamental Watch
- MPC Asset Purchase Facility Votes
- MPC Official Bank Rate Votes
- Building Permits
- FOMC Economic Projections
- FOMC Statement
- FOMC Press Conference
- GDP q/qEUR/USD" title="EUR/USD" src="https://d1-invdn-com.akamaized.net/content/pic6f6283d8eab42e01d77bf322d6401ee8.jpg" height="589" width="440">
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EUR/USD Forecast: September 18, 2013
Published 09/18/2013, 02:13 AM
Updated 05/14/2017, 06:45 AM
EUR/USD Forecast: September 18, 2013
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