USD Sidelined While JPY Weakens By A Point
Forex Watchers | Sep 16, 2014 02:24AM ET
Good morning. Hope all is well! We have had a really good forecast for yesterday with 6 out of the 7 pairs behaving as predicted. The only odd pair was NZD/USD that didn’t reach our demand zone. The US dollar was overall sidelined while the Japanese yen lost a little steam and weakened by a point on our scale. Today we have many fundamental news items coming out that could effect most major trading currencies. US dollar, Canadian dollar, euro, British pound and Japanese yen are in on the party and we could see significant movements on them. We could be in for strong US and the Japanese yen may let out some steam. Not adding any hedged pairs to offset the trading risk. Happy Trading!
Forecasts Outlook
US Dollar: Strong
Today we're expecting the EUR/USD to proceed Short below the barrier levels of 1.29380 and 1.29681.
Fundamental Watch
– Monetary Policy Meeting Minutes
– BOJ Gov Kuroda Speaks
– CPI y/y
– German ZEW Economic Sentiment
– Manufacturing Sales m/m
– PPI m/m
– BOC Gov Poloz Speaks
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