Forex Video | News Trade Alert | August 19, 2008

The release of the August German ZEW figure during tomorrow's European session should draw some attention, as this economic sentiment indicator has been a consistent mover of the EUR/USD in recent months. The New York session features the US PPI report, which offers just 7 to 1 odds [based on the previous 24 releases] of producing a profitable news scalp trade.

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[cool70200]

I'm new to forex, can you explain what scalp trading is? is it trading the charts in short time frames like 5 or 1 min charts?

[gblilleyusmc]

I miss you guys.