Our previous forecasts were close to what we had thought possible, especially the EUR/USD, USD/CAD, AUD/USD and EUR/JPY. As expected the US dollar was towards the weak side and Japanese yen also let out some steam. Today we have many fundamental news item coming out that could affect many currencies especially the Euro, British pound and US, Canadian, Australian dollars, so from the looks of things it would be an exciting day. Through the course of the day we could see a weak US dollar and Japanese yen could gather some momentum. Not adding any hedged pairs 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 1.35261 and 1.34965.
Fundamental Watch
- Asset Purchase Facility
- Official Bank Rate
- MPC Rate Statement
- Minimum Bid Rate
- Trade Balance
- ECB Press Conference
- Trade Balance
- Unemployment Claims
- Ivey PMI
- RBA Monetary Policy StatementEUR/USD Chart" title="EUR/USD Chart" width="441" height="590">