Good morning. Hope all is well! We have had a bit of a turmoil on - TopicsExpress



          

Good morning. Hope all is well! We have had a bit of a turmoil on our forecast for yesterday with only three pairs conforming to our predictions. This was mainly due to the mixed stance that we had taken on the US Dollar strength/weakness. On the other hand as expected the Japanese Yen weakened by 3 points on our scale. Euro, Canadian Dollar and US Dollar are currencies to keep a watchful eye on due our fundamentals. We could be in for a strong US Dollar and a Strong Japanese Yen through the day. Not adding any hedged pair to offset the risk. Happy Trading! Forecasts Outlook US Dollar: Strong Japanese Yen: Strong Today were expecting the EURUSD to proceed Long above the barrier levels of 1.27426 and 1.27880. Fundamental Watch – ECB President Draghi Speaks – Manufacturing Sales m/m – Unemployment Claims – Industrial Production m/m – Philly Fed Manufacturing Index forexwatchers
Posted on: Thu, 16 Oct 2014 06:39:31 +0000

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