Our previous forecasts headed in our direction for the most part, especially the EUR/USD, USD/CAD, USD/CHF and EUR/JPY. As we had thought US dollar and Japanese Yen did strengthen against many currencies. Today we have many fundamental news item coming out that could effect most of the major currencies like US dollar, pound, euro and New Zealand dollar. We could see a Strong US dollar and a sidelined Japanese yen. Not adding any hedged pairs 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 1.37311 and 1.37602.
Fundamental Watch
- German Ifo Business Climate
- Claimant Count Change
- MPC Asset Purchase Facility Votes
- MPC Official Bank Rate Votes
- Unemployment Rate
- Building Permits
- FOMC Economic Projections
- FOMC Statement
- FOMC Press Conference
- GDP q/qEUR/USD Chart" title="EUR/USD Chart" height="589" width="440">