EUR/USD Forecast: Strong US Dollar
Forex Watchers | Dec 19, 2013 01:48AM ET
Good morning, hope all is well! Our previous forecasts headed in our direction for the most part, especially GBP/USD and EUR/JPY. The other pairs also behaved close to prediction and turned around leaving only tails as a tell tale sign of the expected movement. As we had thought US dollar and Japanese Yen did strengthen against many currencies and also as suspected the fundamental watch did effect the pound to a great degree. Today we have many fundamental news item coming out that could affect US Dollar, Pound, Japanese Yen. We could see a further strengthening of the US Dollar and also could see a strong Yen today. Adding one hedged pair to offset the trading risk. Happy trading everyone!!
Forecasts Outlook
US Dollar: Strong
Today we're expecting the EUR/USD to proceed Short below the barrier levels of 1.37795 and 1.37493.
Fundamental Watch
- Retail Sales m/m
- Unemployment Claims
- Existing Home Sales
- Philly Fed Manufacturing Index
- Tentative JPY
- Monetary Policy Statement
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.