A good start to the week as we have had a really good forecast for Friday with all the 7 pairs conforming to our forecast. Good to see that all the pairs behaved as we had predicted, especially the EUR/USD, USD/CHF. On some pairs we had the direction correct but markets did not reach our blue zones but stopped a few pips shy of our supply/demand zones. All in all a good forecast indeed. Today the pairs to keep an eye on would be the euro, US dollar and Japanese yen with our fundamental news items coming out that could fuel movements on these markets. Could be looking at a strong US dollar and Japanese yen. Adding one 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 1.35923 and 1.35635.
Fundamental Watch
- BOJ Gov Kuroda Speaks
- French Flash Manufacturing PMI
- German Flash Manufacturing PMI
- Existing Home Sales