Good morning. Hope all is well! We have had a really good forecast for yesterday, with an 86% accuracy, with our hedged pairs saving the day. Both Japanese yen and greenback have weakened through the course of the day. Looks like it is going to be a very busy end of week, with many fundamental news items coming out that could affect all major trading currencies. Also with fundamentals coming out through Saturday and Sunday, we could expect some gaps when markets re-open on Monday. US dollar weakness could continue, while Japanese yen may sideline. Adding two hedged pairs to offset the risk. Happy Trading!
Forecasts OutlookUS Dollar: Weak
Today we’re expecting the EUR/USD to proceed Short below the barrier levels of 1.12624 and 1.12321.
Fundamental Watch– Jackson Hole Symposium– Second Estimate GDP q/q– Goods Trade Balance– BOE Gov Carney Speaks– FOMC Member Fischer Speaks