EUR/USD: Strong Outlook Today
Forex Watchers | Nov 20, 2014 01:42AM ET
Good morning. Hope all is well. We seem to have had a moderate forecast for yesterday with only 4 pairs behaving as predicted. USD/CAD, EUR/JPY and the Oceanic pairs were on our side. As expected the US Dollar gathered some steam (2 points on our scale) over the course of the day, while Japanese Yen continues it’s weak stance (was at the weak extreme). With our fundamental watch for today we could be in for a busy day on most of the major pairs with more emphasis on US Dollar news items coming out. We could be in for some strength on both US Dollar and Japanese Yen pairs for today. Adding two hedged pairs to offset the risk. Happy Trading!
Forecasts Outlook
US Dollar: Strong
Today we're expecting the EUR/USD to proceed Short below the barrier levels of 1.25358 and 1.25650.
Fundamental Watch
– FOMC Meeting Minutes
– PPI Input q/q
– French Flash Manufacturing PMI
– German Flash Manufacturing PMI
– Retail Sales m/m
– Wholesale Sales m/m
– CPI m/m
– Core CPI m/m
– Unemployment Claims
– Philly Fed Manufacturing Index
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