Tuesday’s forecast was in the right direction for the most part, in fact except for one pair all other pairs behaved close to what was thought possible. We may see some ranging today and markets could pick a direction in time to come. Will be taking a mixed stance on US Dollar, while Japanese Yen may lose some strength. I’m adding two hedged pairs to offset the trading risk. Happy trading everyone!!
Forecasts Outlook
US Dollar: Mixed Sentiments
Today we're expecting the EUR/USD to proceed Long above the barrier levels of 1.30201 and 1.29917.
Fundamental Watch
- Current Account
- Italian 10-y Bond Auction
- Unemployment Claims
- Pending Home Sales m/m