Most of the pairs seem to have broken out of a range and are trying to pick a direction. There is mixed sentiments on some pairs as we may see some anti correlation in the onset and the market coming into sync by the end of the day. Therefore mixed sentiments on US Dollar, while Japanese Yen will be gathering some steam. I’m adding three pairs to the hedged currency pairs list to offset the trading risk.
Forecasts Outlook
US Dollar: Mixed Sentiments
Today we're expecting the EUR/USD to proceed Short below the barrier levels of 1.30669 and 1.30374.
Fundamental Watch
- GDP m/m