Good morning. Hope all is well! We have had an average forecast for yesterday, with a 57% accuracy on our predictions. As we had expected, Japanese yen weakened further, while US dollar actually gathered some steam instead of strengthening as we had thought. Looks like we are going to be in for a busy day today, also with many fundamental items coming out that may affect many major trading currencies. We could see a bearish US dollar and Japanese yen. Not adding any hedged pairs to offset the risk. Happy Trading!
Forecasts Outlook
US Dollar: Weak
Today, we're expecting the EUR/USD to proceed Long above the barrier levels of 1.10211 and 1.09913.
Fundamental Watch
– Monetary Policy Statement
– BOJ Press Conference
– Average Earnings Index 3m/y
– Claimant Count Change
– Eurogroup Meetings
– Manufacturing Sales m/m
– PPI m/m
– BOC Monetary Policy Report
– BOC Rate Statement
– Overnight Rate
– Fed Chair Yellen Testifies
– GDT Price Index
– BOC Press Conference
– CPI q/q
