Good morning. Hope all is well! We seem to have had an average forecast for yesterday with 4 out of the 7 pairs behaving as predicted. The Oceanic pairs did not behave as we had thought, basically the sudden movements were due to the fundamental watch news items that came out. As expected the US Dollar had weakened while Japanese Yen continued to gather some steam. The currencies to keep an eye on for today would be the Swiss franc, euro, Canadian dollar and US Dollar. We could see some fueling movements on these pairs. Through the course of the day we could be in for a weak US Dollar and Yen. Adding two hedged pairs to offset the risk. Happy Trading!
Forecasts Outlook
US Dollar: Weak
Today we're expecting the EUR/USD to proceed Long above the barrier levels of 1.24441 and 1.24120.
Fundamental Watch
– Libor Rate
– SNB Monetary Policy Assessment
– SNB Press Conference
– Targeted LTRO
– BOC Gov Poloz Speaks
– Core Retail Sales m/m
– Retail Sales m/m
– Unemployment Claims