SpotEuro Forex Daily Outlook November 17, 2010

IRELAND AND GREECE CONTINUE TO WEIGH ON THE MARKET. The dollar once again enjoyed a round of appreciation as rumors surrounding EU's persistence for Ireland to draw on the bailout funds continued to circulate. We're still looking for a pullback before another attempt to short the euro. With PPI figures coming in less than expected, CPI may follow suit. Although the weaker numbers didn't hurt the dollar, prospects for longer term inflation should continue to be a main talking point. Consumer Price Index is the next news release and we're looking for the dollar to give up some ground.

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[Dollymix001]

Wrong again the euro went down your analysis has been wrong every day this week

[spoteuro]

@Dollymix001 At the time of our analysis, the euro was trading at 1.3505, the close was 1.3530 with a high of 1.3564. We expect a further pullback towards 1.3650. Keep an eye out for November 18th analysis, being released in a few hours. Thanks for following us.

[Goodfriend35]

Thank you :)