Coming to the end of the month, it has been a good month indeed with many pips in the making. Had ups and downs, but overall we have had good forecasts through the month. We could go out with a bang as today we could expect good moves on the euro, Canadian dollar, British pound, US dollar, and Australian dollar due to our fundamental watch. We seem to have had a good forecast last week Friday as 6 pairs out of the 7 forecasted behaved close to what we had thought possible. The EUR/USD, USD/CAD, USD/CHF and EUR/JPY were very close, while the Oceanic Pairs we got the direction correct but it did not have the power to reach our blue zones. All is all a very good forecast! Through the course of the day we could see a weak US dollar and a sidelined Japanese yen. Adding one hedged pair to offset the trading risk.
Forecasts Outlook
US dollar: Weak
Today we're expecting the EURUSD to proceed Long above the barrier levels of 1.37668 and 1.37392.
Fundamental Watch
- CPI Flash Estimate y/y
- GDP m/m
- Fed Chair Yellen Speaks
- BOE Gov Carney Speaks
- Manufacturing PMI
- HSBC Final Manufacturing PMI
- Cash Rate
- RBA Rate Statement