EUR/USD: A Weak Outlook On The Dollar
Forex Watchers | Aug 15, 2013 02:19AM ET
Wednesday’s forecast headed in our direction for the most part. About two pairs had a few issues as the US Dollar was a bit hard to read, but things seem to be settling down now. US Dollar has been weak for sometime but has been gaining some steam against a few pairs. On the other hand the weak spell that we had seen on Japanese Yen in the last couple of days could be coming to an end as the Yen could gather some momentum to the south. Today we are going to take a weak outlook on US Dollar while Japanese Yen could strengthen. Not adding any hedged pairs to offset the trading risk. Happy trading everyone!!
Forecasts Outlook
US Dollar: Weak
Today we're expecting the EUR/USD to proceed Long above the barrier levels of 1.32214 and 1.32516.
Fundamental Watch
- Retail Sales m/m
- Core CPI m/m
- Unemployment Claims
- Philly Fed Manufacturing Index
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