Looking forward to a new month. Wednesday’s forecast went in our direction for the most part, had a few issues with some pairs not having the strength to reach our blue zones, but overall the direction seems to be correct. Japanese Yen still seems to be getting ready for some strong moves in the near future. At the moment we seem to be having a clear direction on Yen while US Dollar is proving to be very difficult to read, overall in the long run the Dollar has been weak. Today we are going to take a weak outlook on US Dollar while Japanese Yen could Strengthen. Adding one 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 1.32482 and 1.32789.
Fundamental Watch
- Manufacturing PMI
- Asset Purchase Facility
- Official Bank Rate
- Tentative GBP
- MPC Rate Statement
- Minimum Bid Rate
- ECB Press Conference
- Unemployment Claims
- ISM Manufacturing PMI
- PPI q/q
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EUR/USD: Expect a Weak Dollar
Published 08/01/2013, 03:54 AM
Updated 05/14/2017, 06:45 AM
EUR/USD: Expect a Weak Dollar
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Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
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