Good morning, hope all is well! Wednesday's forecast headed in our direction for the most part, except for EUR/USD and USD/CHF all others behaved close to what was thought possible, specially GBP/USD, USD/CAD, EUR/JPY and the oceanic pairs all were very close. As we had expected the US Dollar was proving hard to read, hence the odd movement of EUR/USD and USD/CHF. Japanese Yen did weaken overall as we had expected. Today we could be looking at a weak US Dollar and Japanese Yen. Not adding any hedged pairs to offset the trading risk. Happy trading everyone!!
Forecasts Outlook
US Dollar: Weak
Today we're expecting the EUR/USD to proceed Long above the barrier levels of 1.35191 and 1.34892.
Fundamental Watch
- Current Account
- Unemployment Claims
- Pending Home Sales m/m
- Tentative NZD
- ANZ Business Confidence