EUR/USD To Proceed Long Above Barrier Levels 1.38121 And 1.37862
Forex Watchers | Apr 23, 2014 02:22AM ET
Today we could be in for some action as there are many fundamental news items coming out that could affect many currencies such as euro, US dollar, Canadian dollar and New Zealand dollar. We seem to have had a good forecast for yesterday with the US dollar weakening and Japanese yen being sidelined. Our blue zones on some pairs seems to very big, hence it is a bit hard to judge a direction, however through the course of today we could see a weak US dollar and a strong Japanese yen. Adding one hedged pair to offset the trading risk.
Forecasts Outlook
US Dollar: Weak
Today we're expecting the EUR/USD to proceed Long above the barrier levels of 1.38121 and 1.37862.
Fundamental Watch
- French Flash Manufacturing PMI
- German Flash Manufacturing PMI
- MPC Asset Purchase Facility Votes
- MPC Official Bank Rate Votes
- Core Retail Sales m/m
- New Home Sales
- Official Cash Rate
- RBNZ Rate Statement
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