Good morning. Hope all is well! We have had a good forecast for yesterday with 5 out of the 7 pairs behaving as predicted. As we had expected the US Dollar did weaken while Yen gathered some steam. We could be in for a busy day today with many fundamental news items coming out that may affect Canadian dollar, US Dollar, Australian dollar and euro. The US Dollar is proving a bit hard to read while Japanese Yen may continue to gather steam. Adding two hedged pair to offset the risk. Happy Trading!
Forecasts Outlook
US Dollar: Mixed Sentiments
Today we're expecting the EUR/USD to proceed Short below the barrier levels of 1.23441 and 1.23158.
Fundamental Watch
– BOC Gov Poloz Speaks
– Retail Sales m/m
– Trade Balance
– Official Bank Rate
– MPC Rate Statement
– Minimum Bid Rate
– ECB Press Conference
– Unemployment Claims
– Ivey PMI