USD: Looking Strong Today
Forex Watchers | Nov 19, 2014 12:29AM ET
Good morning. Hope all is well. We seem to have a had a good forecast for yesterday with all of the US Dollar pairs performing as predicted. As we had thought the dollar did weaken at the onset and gathered some steam later on. On some instances the markets reached our blue zones and was shy to come out while on some instances the zones were very strong that the markets got rejected quickly. On the other hand the Japanese Yen pair did not behave as we expected due the Yen continuing to weaken. We were more on a strong stance for Yen. All in all a good forecast. yen, British pound and the US Dollar are on our watchlist for today due to the fundamental watch. Through the course of the day we could see a strong US Dollar while Japanese Yen may sideline. Not adding any 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 1.25361 and 1.25020.
Fundamental Watch
– Monetary Policy Statement
– BOJ Press Conference
– MPC Official Bank Rate Votes
– Building Permits
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