Good morning everyone. The markets were inline with our forecasts up until mid US Session when the markets were completely controlled by fundamentals. Even after the whipsaws yesterday – today, I’m expecting the US Dollar to weaken across the charts. I’m not adding any pairs to the hedged currency pairs list to offset the trading risk. Be alert of the BOJ Press Conference. Expect swings today.
Currency Outlook
US Dollar : Weak
Long : EUR/USD
Today we're expecting the EUR/USD to proceed Long above the barrier levels of 1.39336 and 1.39012.
Fundamental Watch
- BOJ Press Conference
- Advance GDP q/q
- Unemployment Claims
- Pending Home Sales m/m
Currency Outlook
US Dollar : Weak
Long : EUR/USD
Today we're expecting the EUR/USD to proceed Long above the barrier levels of 1.39336 and 1.39012.
Fundamental Watch
- BOJ Press Conference
- Advance GDP q/q
- Unemployment Claims
- Pending Home Sales m/m
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