Good morning. Hope all is well. We have had a really good forecast for yesterday with 6 out of the 7 pairs conforming to the predictions. All the US Dollar pairs went ahead as planned, because as we had thought the US ended up weakening. However we were wrong on Japanese Yen as it continued to weaken instead of strengthening as we had thought, hence this pair ended up punching through our blue zone. Currencies to keep an eye on today due to our fundamental watch would be New Zealand and British Pound. Throughout the course of the day we could be seeing a continuation of the weak US Dollar while Japanese yen could gather some steam. Not adding any hedges 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 1.24122 and 1.24421.
Fundamental Watch
– RBNZ Financial Stability Report
– RBNZ Gov Wheeler Speaks
– Average Earnings Index 3m/y
– Claimant Count Change
– BOE Gov Carney Speaks
– BOE Inflation Report