US Dollar Surprises By Strengthening

By Forex WatchersCurrenciesMar 05, 2015 12:07AM ET

www.investing.com/analysis/eurusd-forecast-for-march-5-243954

US Dollar Surprises By Strengthening

By Forex Watchers | Mar 05, 2015 12:07AM ET

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EUR/USD

-0.03%

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GBP/USD

-0.01%

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USD/JPY

+0.03%

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AUD/USD

+0.16%

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USD/CAD

-0.02%

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-1.09%

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Good morning. Hope all is well! We have had a bit of a turmoil in our forecast for yesterday with only a 29% accuracy. This was mainly due to the US Dollar strengthening as opposed to weakening as we had predicted. Today we could be in for a busy day with many fundamental items coming out that could affect many major currencies. British Pound, Australian dollar, US and Canadian dollars pairs are on our watch list. Throughout today US Dollar could continue to gather steam together with Japanese yen. Adding two hedged pairs to offset the risk. Happy Trading!

Forecasts Outlook
US Dollar: Strong

Today we're expecting the EUR/USD to proceed Long above the barrier levels of 1.10924 and 1.10621.

Fundamental Watch
– Retail Sales m/m
– Trade Balance
– Official Bank Rate
– MPC Rate Statement
– Minimum Bid Rate
– ECB Press Conference
– Unemployment Claims
– Ivey PMI

EUR/USD Daily Chart

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Central Banks

Interest Rates

Next Meeting

FED

4.50%

Mar 19, 2025

ECB

2.90%

Mar 06, 2025

BOE

4.50%

Mar 20, 2025

SNB

0.50%

Mar 20, 2025

RBA

4.10%

Apr 01, 2025

BOC

3.00%

Mar 12, 2025

RBNZ

3.75%

Apr 09, 2025

BOJ

0.50%

Mar 19, 2025

CBR

21.00%

Mar 21, 2025

RBI

6.25%

Mar 10, 2025

PBOC

3.10%

BCB

13.25%

Mar 19, 2025

US 30	42,759.9	-432.1	-1.00%
US 500	5,815.5	-34.4	-0.59%
Dow Jones	42,521.66	-669.58	-1.55%
S&P 500	5,778.18	-71.54	-1.22%
Nasdaq	18,285.16	-65.03	-0.35%
S&P 500 VIX	23.51	+0.73	+3.20%
Dollar Index	105.51	-1.16	-1.09%

Crude Oil WTI	68.04	-0.33	-0.48%
Brent Oil	71.09	-0.53	-0.74%
Natural Gas	4.301	+0.179	+4.34%
Gold	2,928.20	+27.10	+0.93%
Silver	32.570	+0.260	+0.80%
Copper	4.5808	-0.0263	-0.57%
US Soybeans	1,001.75	-9.25	-0.91%

U.S. 10Y	4.242	+0.062	+1.48%
U.S. 30Y	4.540	+0.076	+1.70%
U.S. 5Y	4.042	+0.053	+1.33%
U.S. 3M	4.323	+0.019	+0.44%
US 10Y T-Note	110.97	-0.41	-0.36%
Euro Bund	129.82	-1.29	-0.98%
10-2 Yield Spread	19.92	-1.45	-6.79%

Apple	235.93	-2.10	-0.88%
NVIDIA	115.99	+1.93	+1.69%
Alphabet A	170.92	+3.91	+2.34%
Tesla	272.04	-12.61	-4.43%
Amazon.com	203.80	-1.22	-0.60%
Netflix	972.58	-1.12	-0.12%
Meta Platforms	640.00	-15.05	-2.30%

US Dollar Surprises By Strengthening

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