Yesterday's market went as per our forecast including hedged pairs. Today, I'm expecting the U.S. Dollar to gain strength overall. However, I do see the Oceanic pairs holding the market back. This happened in mid 2012 as well. Expect a few swings and some support in the market. I'm going to add several pairs as hedged currencies to offset the trading risk.
Currency Outlook
- U.S. Dollar : Strong
- Short : EUR/USD
Today we're expecting the EUR/USD to proceed short below the barrier levels of 1.33302 and 1.33731.
Fundamental Watch
- Core CPI m/m
- Employment Change