A good start to the week as our forecast yesterday was a 7 out of 7. As we had thought the US dollar let out some steam together with Japanese yen. On the Oceanic pairs our direction was correct but it did not reach our blue zones before leaving in the general direction, all in all we had a really good forecast for Monday!! As we had thought we did see some strong moves on Australian dollar this was due to the fuelling factors by the fundamental news that came out. Australian dollar gathered a lot of steam through the course of yesterday! Today US and Canadian dollar, euro, and British pound could be in for some moves due to news/fundamental items. For today’s forecasts we could see some strong moves on US dollar, but no clear directions and Japanese yen could be sidelined. Adding one hedged pair to offset the trading risk.
Forecasts Outlook
US dollar: Mixed Sentiments
Today we're expecting the EURUSD to proceed Long above the barrier levels of 1.39163 and 1.38876.
Fundamental Watch
- German ZEW Economic Sentiment
- Manufacturing Sales m/m
- Building Permits
- Core CPI m/m
- BOC Gov Poloz Speaks
- BOE Gov Carney SpeaksEUR/USD Chart" title="EUR/USD Chart" width="442" height="588">