Yesterday’s forecasts went in our direction for the most part. We had some slow pull backs and some strong quick moves yesterday. Today the US Dollar pairs are in Sync. We are expecting US Dollar to weaken during the course of the day, we may see some strength on the onset, but will lose steam later on. Mixed sentiments on Japanese Yen. I’m adding two hedged pairs to offset the trading risk today. Happy trading everyone!!
Forecasts Outlook
US Dollar: Weak
Today we're expecting the EUR/USD to proceed Long above the barrier levels of 1.30041 and 1.30318.
Fundamental Watch
- Cash Rate
- RBA Rate Statement
- Construction PMI
- Trade Balance
- Trade Balance
- GDP q/q