Good morning everyone. The market took a dip against our forecasts on all pairs yesterday. Today, I’m expecting the US Dollar to gain some more strength after yesterday’s movement. I will release emergency trade scenarios for days like yesterday starting next week. I’m not adding any pairs to the hedged currency pairs list to offset the risk today. Expect some swings today as there are several news that will move the markets. The blue zones as always are market barriers and not necessarily a entry area. If the markets do tend to get close to the blue zone, one can get a better entry price.
Currency Outlook
US Dollar : Strong
Short : EUR/USD
Today we're expecting the EUR/USD to proceed Short below the barrier levels of 1.36170 and 1.36498.
Fundamental Watch
- German Prelim GDP q/q
- CPI y/y
- German ZEW Economic Sentiment
- BOE Inflation Letter
- Core Retail Sales m/m
- PPI m/m
- Retail Sales m/m
- Monetary Policy Statement
- Overnight Call Rate