Thursday’s forecast went through a bit of a turmoil due to the huge moves the previous night. Three pairs behaved as predicted but others were slow to turn around to our blue zone. Looks like the turn around has started overnight and markets seems to have settled. Expecting to see some further action on US Dollar. Today US Dollar looks to be weak while on the other hand Japanese Yen could be gathering some steam. I’m adding a hedged pair to offset the trading risk. Happy trading everyone!!
Forecasts Outlook
US Dollar: Weak
Today we're expecting the EUR/USD to proceed Long above the barrier levels of 1.32233 and 1.31821.
Fundamental Watch
- BOJ Gov Kuroda Speaks
- Core Retail Sales m/m