A quick outlook for today. Risk aversion seems to be in the headlines and we’re looking for economic data to disappoint and lead to further strengthening of the dollar….
Posts Tagged ‘Outlook’
Spoteuro forex daily outlook july 22, 2010
Thursday, July 22nd, 2010Spoteuro forex daily outlook june 29, 2010
Tuesday, June 29th, 2010Hello Traders! A mixed session for the dollar yesterday as we await important economic data due to be released later this week. Most of the majors are trading within recent ranges and we continue to see pressure on the euro. Our views are neutral for the moment but we are looking for a breakout opportunity. An interesting pair that has gained a lot of attention recently is the EUR/CHF which has se…
Spoteuro forex daily outlook june 17, 2010
Thursday, June 17th, 2010If our analysis is correct, we should continue seeing the majors rally vs. the dollar and the yen over the next few days. We’re looking forward to trading the UK Retail Sales data during the London session and we expect the number to be released better than expected. Yesterday’s consolidation may not be complete as the dollar is firming up and trading near the low of the range see over the last 10…
Spoteuro forex daily outlook june 3, 2010
Thursday, June 3rd, 2010Mixed session overnight is leading us to stick with our current support and resistance levels. We’re looking for a breakout on the Yen pairs and further profit taking on the majors, just ahead of the NFP figures on Friday. The G20 is meeting in S. Korea this weekend and the EZ’s debt crisis will surely be a major topic, as will the recent issues between N. and S. Korea. We may see some gaps on Mon…
Spoteuro forex daily outlook may 27, 2010
Thursday, May 27th, 2010The euro was once again the big disappointment over the last 24 hours, losing ground to all the majors. The bottom we spoke about yesterday still needs confirmation, mostly against the GBP/USD , CHF/USD, and the commodity pairs. We are looking forward to today’s CBI Retail Sales release as we are expecting a better figure that the market anticipates, leading to a rally in the GBP/USD, and a break…