Our previous forecasts was a bit here and there, only the GBP/USD behaved close to what was thought possible. Instead of weakening the US dollar ended up strengthening against many currencies hence most of the pairs that we forecasted went in the opposite direction. Today we only have many fundamental news item coming out that could affect the Japanese yen, British pound and Canadian dollar. Through the course of the day we could see a Strong US dollar, and the Japanese yen could continue to weaken. Adding a hedged pair to offset the trading risk.
Forecasts Outlook
US dollar: Strong
Today we're expecting the EUR/USD to proceed Long above the barrier levels of 1.35461 and 1.35165.
Fundamental Watch
- BOJ Press Conference
- Claimant Count Change
- MPC Asset Purchase Facility Votes
- MPC Official Bank Rate Votes
- Unemployment Rate
- BOC Monetary Policy Report
- BOC Rate Statement
- BOC Press ConferenceEUR/USD Chart" title="EUR/USD Chart" width="434" height="570">