Good morning everyone. We hope everyone got a chance to enjoy the day off yesterday. Today, I'm expecting the US Dollar to overall gain strength. However, there are some pairs that are still not lined up with correlation. I'm going to be adding them as hedged currency pairs today to offset the trading risk.
Currency Outlook
US Dollar : Strong
Short : EURUSD
Today we're expecting the EURUSD to proceed Short below the barrier levels of 1.33423 and 1.33064.
Fundamental Watch
- Claimant Count Change
- MPC Meeting Minutes
- BOC Rate Statement
- BOC Press Conference
Currency Outlook
US Dollar : Strong
Short : EURUSD
Today we're expecting the EURUSD to proceed Short below the barrier levels of 1.33423 and 1.33064.
Fundamental Watch
- Claimant Count Change
- MPC Meeting Minutes
- BOC Rate Statement
- BOC Press Conference
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EUR/USD refocuses its attention to 1.1200 and above
Rising appetite for the risk-associated assets, the offered stance in the Greenback and Chinese stimulus all contributed to the resurgence of the upside momentum in EUR/USD, which managed to retest the 1.1190 zone on Thursday.
Gold holding at higher ground at around $2,670
Gold breaks to new high of $2,673 on Thursday. Falling interest rates globally, intensifying geopolitical conflicts and heightened Fed easing bets are the main factors.
Bitcoin displays bullish signals amid supportive macroeconomic developments and growing institutional demand
Bitcoin (BTC) trades slightly up, around $64,000 on Thursday, following a rejection from the upper consolidation level of $64,700 the previous day. BTC’s price has been consolidating between $62,000 and $64,700 for the past week.
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