Wednesday’s forecast headed in our direction for the most part, especially for the EUR/USD, GBP/USD and USD/CHF. As we had expected the US dollar did strengthen against all currencies and the Japanese yen weakened as we had thought possible. Today we could expect the US dollar to let off some steam after the strong moves yesterday, hence it may weaken against some currencies, however a mixed stance on this would be the best outlook. The yen is also proving a bit hard to read. Adding two hedged pairs to offset the trading risk.
Forecasts Outlook
US dollar: Mixed Sentiments
Today we're expecting the EUR/USD to proceed short below the barrier levels of 1.35268 and 1.34962.
Fundamental Watch
- Asset Purchase Facility
- Official Bank Rate
- Tentative GBP
- MPC Rate Statement
- Unemployment Claims
- BOJ Gov Kuroda Speaks
- ECB President Draghi SpeaksEUR/USD Chart" title="EUR/USD Chart" width="439" height="592" src="https://d1-invdn-com.akamaized.net/content/pic8171a51ffca30e3e470f8583d8696afc.jpg">