Good morning. Hope all is well! We seem to have had a good forecast for yesterday, with a 71% accuracy. On some instances, markets initially moved in the direction predicted and then abruptly changed directions, crushing through our supply demand zones. We did take a mixed stance on things for yesterday. Both US dollar and Japanese yen were bullish through the day. Could be in for a busy day today, with many fundamental items coming out that may affect many major trading currencies. US dollar may continue to gather some steam, while Japanese yen could be bearish. Adding one hedged pair to offset the risk. Happy Trading!
Forecasts Outlook
US Dollar: Strong
Today, we're expecting the EUR/USD to proceed Short below the barrier levels of 1.10799 and 1.10503.
Fundamental Watch
– CPI y/y
– German ZEW Economic Sentiment
– Inflation Report Hearings
– BOE Gov Carney Speaks
– Core Retail Sales m/m
– Retail Sales m/m
– Monetary Policy Statement
– BOJ Press Conference
