Thursday's forecast was in the right direction for the most part. Friday I’m expecting the US Dollar to overall weaken and Japanese Yen seems to be out of sync. I’m not adding any pairs to the hedged currency pairs list to offset the trading risk.
Forecasts Outlook
US Dollar: Weak
Today we're expecting the EUR/USD to proceed Long above the barrier levels of 1.28812 and 1.29211.
Fundamental Watch
- German Ifo Business Climate
- Core Durable Goods Orders m/m