EUR/USD Forecasts for December 2

Published 12/02/2011, 08:15 AM
Updated 05/14/2017, 06:45 AM

Good morning everyone. Yesterday’s market moved as expected on all pairs including our hedged pairs. Today, I still feel the markets are still “out of proportion” so I’m still biased against the direction for the US Dollar movement. I have added several pairs to the hedged currency pairs list to offset the trading risk today. Today is the NFP news release. Please stay cautious and excessive strict money management. Conservative traders please stand aside until the market further corrects itself.

Currency Outlook

US Dollar : Mixed Sentiments

Short : EUR/USD

Today we're expecting the EUR/USD to proceed Short below the barrier levels of 1.34554 and 1.34934.

Fundamental Watch
- Construction PMI
- Employment Change
- Unemployment Rate
- Non Farm Employment Change
- Unemployment Rate

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