Thursday, November 16th, 2017

SpotEuro Forex Daily Outlook August 27, 2010

A few more economic data releases and we’ll be ready for the weekend. Personally, I can’t wait for this month to end so we can resume normal trading volume, shortly after Labor Day. Today, we expect consolidation ahead of UK Revised GDP q/q report, followed by preliminary GDP q/q and U of M Consumer Sentiment reports. We’d like to see a bit more dollar losses before the buck continues to strengthen over the longer term. Traders shouldn’t forget that the Economic Symposium is this weekend; we may see some gaps on Monday’s open if any central bankers make any market moving statements. Holding positions over the weekend is not advised.Don’t forget, we will be hosting Live! Trading sessions this week. Premium members may access the direct link in the “Members Downloads” section. The room will be open 15 minutes prior to trading. If you’d like a more detailed analysis with potential trade opportunities during our live trading session, please join us in the member’s area.

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