EUR/USD Forecast For January 14, 2015
Forex Watchers | Jan 14, 2015 02:05AM ET
Good morning. Hope all is well. We seem to have had a bit of a turmoil on yesterday’s forecast with only a 43% accuracy. This was mainly due to the US US dollar continuing to strengthen instead of weakening as we had thought. On the other hand Japanese Yen pair did perform well, however we did take a mixed stance, the currency ended up gaining some steam. US dollar, British pound, Australian dollar and euro currencies are on our watchlist for today on account of the fundamental watch. US dollar could be hitting the brakes from it’s strong move together with Japanese Yen. Both pairs are proving a bit hard to read for the moment. Adding one hedged pair to offset the risk. Happy Trading!
Forecasts Outlook
US dollar: Mixed Sentiments
Today we're expecting the EUR/USD to proceed Long above the barrier levels of 1.17610 and 1.17895.
Fundamental Watch
– European Court of Justice Ruling
– Core Retail Sales m/m
– Retail Sales m/m
– BOE Gov Carney Speaks
– Employment Change
– Unemployment Rate
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