Monday’s forecasts went in out direction for the most part, infact all pairs behaved close to what was thought possible. As suspected markets seems to be ranging, we will have to wait and see on the direction the markets will pick. For today I am going to take a mixed stance on US Dollar while Japanese Yen could loose a little more 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 1.30133 and 1.30448.
Fundamental Watch
- Cash Rate
- RBA Rate Statement
- Construction PMI
- Retail Sales m/m
- Trade Balance
- RBA Gov Stevens Speaks