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  SpotEuro Forex Daily Outlook August...
  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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  SpotEuro Forex Daily Outlook August...
  US DATA CONTINUES TO DISAPPOINT. Another terrible day in terms of US economic data releases, showing a further slowdown in the US as durable goods orders grew only .3% vs. 2.9% expected; even worse, the core figure came in at a negative 3.8%! Our belief is that the majors will gain ground against the dollar in the short term, over the next few days. The markets were once again talking about the difference in spread between the German and Greek bonds. Yesterday we mentioned that we won't see dollar strength until we start to see more and more depressing news out of the Euro-zone, which we think will start to build between now and the 1st or 2nd week of September. We may be wrong, but all signs are pointing to a further move in favor of the dollar, its just a matter of time as well as a trigger. The main reason we're not seeing strength in the dollar right now is because the data has surprised to the downside MUCH more than traders had anticipated and a lot of people are now talking about the possibility of more quantitative easing.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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  SpotEuro Forex Daily Outlook August...
  Happy Friday Traders! MARKET UPDATE. Still Trading sideways. With no more important economic data out this week, we'll look at any big move as a late reaction to data that was released earlier in the week. We continue to see mixed economic conditions and with the market rejecting the recent strength in the pound following better than expected UK Retail Sales data, a move in favor of the dollar may be in the works. We're looking to break out of the current consolidation period; however, I hope it does not occur today. We don't want to hold positions over the weekend during these uncertain conditions. We will hope to see the markets continue to consolidate and given the volatility over the past few days, perhaps the next big move will be the breakout we've been waiting for and we hope it comes during Monday's London session. 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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  SpotEuro Forex Daily Outlook July 2...
  Every report that I've read today has mentioned that price action over the past few trading sessions has been nothing short of typical summer day. With the euro still at the 1.30 figure, things aren't looking any clearer. We're still going to target 1.3120 if the current top of 1.3050 is broken, and if rejected, we will then look for a move down to 1.2750 in the short term. With the week nearly coming to an end, we remind ourselves of next Friday's very important Non-Farm Payrolls release. That may be the trigger that causes risk aversion, if the numbers released are worse than expected. For now, we remain on the sidelines, waiting for the next signal. 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.