We seem to have had a bit of a turmoil on yesterday’s forecast, basically GBP/USD and USD/CAD performed close to what we had thought possible. The Oceanic pairs did not reach our blue zones but continued their trends and Japanese Yen instead of weakening it went on a strong spell. However as we had thought the US Dollar did weaken overall. Today we could be in for some action on British Pound and US Dollar due to our fundamental watch. Through the course of the day we could see a strong US Dollar and a weak Japanese Yen. Not adding any hedged pairs to offset the trading risk. Happy trading everyone!!
Forecasts Outlook
US Dollar: Strong
Today we're expecting the EUR/USD to proceed Short below the barrier levels of 1.38136 and 1.37834.
Fundamental Watch
- Retail Sales m/m
- Unemployment Claims
- Pending Home Sales m/m
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EUR/USD: Proceeding Short
Published 03/27/2014, 03:02 AM
Updated 05/14/2017, 06:45 AM
EUR/USD: Proceeding Short
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Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
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