Forecasts for November 01

Published 11/01/2011, 02:09 AM
Updated 05/14/2017, 06:45 AM

Good morning everyone. Yesterday’s market gave a mixed sentiment based on our forecasts, the trades ended up in slight gains even with the GBPUSD going against us. Today, I’m expecting the US Dollar to continue to strengthen. I’m going to add several pairs to the hedged currency list today to offset the trading risk. Conservative traders stand aside today. I’m still deciding to leave EURJPY out of the trading batch today.

Currency Outlook

US Dollar : Strong

Short : EUR/USD

Today we're expecting the EUR/USD to proceed Short below the barrier levels of 1.40273 and 1.39708.

Fundamental Watch
- Nationwide HPI m/m
- Retail Sales y/y
- Manufacturing PMI
- Perlim GDP q/q
- ISM Manufacturing PMI
- Building Approvals m/m

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