Good morning. Hope all is well. We seem to have had a bit of a turmoil on our forecast for yesterday with only a 43% accuracy on our predictions. This was due to the US dollar strengthening further instead of weakening as we had thought. The Oceanic pairs, British pound and the US dollar currencies are on our watch list for today as there are many fundamental news items coming out that may have an effect on these markets. For today on the US Dollar we are going to take a mixed stance while Japanese Yen may weaken. Adding three hedged pairs to offset the risk. Happy Trading!
Forecasts Outlook
US Dollar: Mixed Sentiments
Today we're expecting the EUR/USD to proceed Short below the barrier levels of 1.05486 and 1.05202.
Fundamental Watch
– Official Cash Rate
– RBNZ Rate Statement
– RBNZ Press Conference
– RBNZ Gov Wheeler Speaks
– Employment Change
– Unemployment Rate
– Core Retail Sales m/m
– Retail Sales m/m
– Unemployment Claims
– BOE Gov Carney Speaks