Forex Forecasts: February 14, 2012

Published 02/14/2012, 02:05 AM
Updated 05/14/2017, 06:45 AM

Good morning everyone. Yesterday's markets did end up going sour and the EURJPY hedge captured the entire movement and did lead the market. However, overall it did produce negative results. Today, I'm expecting the US Dollar to continue to gain some strength but with some swings. Advise is to stay out of the market today until we start to see some correction in the non-stop downtrend we've been seeing in the last 12-15 hours. No hedged pairs today.
Conservative traders stand aside.

Currency Outlook

US Dollar : Strong

Short : EURUSD

Today we're expecting the EURUSD to proceed Short below the barrier levels of 1.32039 and 1.32348.

Fundamental Watch
- CPI y/y
- BOJ Press Conference
- German ZEW Economic Sentiment
- BOE Inflation Letter
- Core Retail Sales m/m
- Retail Sales m/m
- Core Retail Sales q/q

EURUSD

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