Monday’s forecasts went in our direction for the most part, except for two pairs that struggled but all others performed close to what was thought possible. As suspected yesterday we still seem to be at at cross roads, looks like still the markets could be setting up a foundation for a turn around, but this is a long shot as markets may continue the current trend & continue to surpass recent highs. Expecting US Dollar to weaken mildly but will be taking a mixed stance on this for today. Also we may see Japanese Yen letting off some steam. I’m adding two hedged pair 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 1.32056 and 1.32355.
Fundamental Watch
- Monetary Policy Statement