Yesterday’s forecasts went in our direction for the most part, in fact all pairs behaved as predicted. Again as advised market was sidelined for the most of the day. Today we can expect some moves as the market may pic a direction during the course of the day, for the moment market is still sidelined. Leaning more towards a weakening US Dollar but will be taking a mixed stance on this. Expecting Japanese Yen to also weaken. I’m adding three hedged pairs to offset the trading risk today. Happy trading everyone!!
Forecasts Outlook
US Dollar: Mixed Sentiments
Today we're expecting the EUR/USD to proceed Long above the barrier levels of 1.30575 and 1.30869.
Fundamental Watch
- CPI m/m
- Asset Purchase Facility
- Official Bank Rate
- MPC Rate Statement
- Minimum Bid Rate
- ECB Press Conference
- Unemployment Claims
- BOC Gov Poloz Speaks
- Ivey PMI