USD Continued To Weaken While JPY Showing Signs Of Gaining Strength

Published 11/10/2014, 12:15 AM
Updated 05/14/2017, 06:45 AM

Good morning. Hope everyone had a good week end! We seem to have had a good forecast for Friday with majority of the pairs behaving as predicted. On some occasions markets reached our blue zones and reacted sharply and continued its momentum leaving huge tails, however markets ended up punching through our zones after the initial reaction. As expected the US Dollar continued to weaken while Japanese Yen was showing signs of gaining some strength. Today we only have one news item that could affect the Australian Dollar on our fundamental watch. We could be seeing a continuation of US Dollar weakness and Japanese Yen strength through the course of the day. Not adding any hedges pairs to offset the risk. Happy Trading!

Forecasts Outlook
US Dollar: Weak

Today we're expecting the EUR/USD to proceed Long above the barrier levels of 1.24492 and 1.24132.

Fundamental Watch
– NAB Business Confidence

EUR/USD Daily Chart

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