Good morning. Hope all is well! We seem to have had a bit of a turmoil on our forecast for yesterday, with only one pair conforming to our forecast. This was mainly due to the dollar weakening instead of strengthening as we had thought. Today also we could be in a for a volatile day, with many fundamental news items coming out that may affect most major trading currencies. Specially, many news items are coming out that could affect the Australian dollar. Through the course of the day, we could be seeing further weakening of the 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 1.12899 and 1.12596.
Fundamental Watch
– NAB Business Confidence
– CPI y/y
– RBA Gov Stevens Speaks
– Manufacturing Production m/m
– BOE Gov Carney Speaks
– Official Cash Rate
– RBNZ Rate Statement
– RBNZ Press Conference
– Employment Change
– Unemployment Rate