SpotEuro Forex Daily Outlook November 16, 2010

EXPECTING DOLLAR PULLBACK. The dollar traded firmer during Monday's trading session as Retail Sales were released better than expected. Despite the positive news as well as the uncertainty surrounding Ireland and Greece, we expect the buck to give up some ground this week. Before a slew of data from the US, price action during the London session may concentrate on the ZEW economic sentiment as well as the European CPI release. We'll be trading live during the NY Session, expecting both headline and core PPI m/m figures to increase. A lower than expected reading should help the dollar retrace before continuing the rally from last week. As noted last week, we're looking for long dollar positions, but at better prices; expecting a pull back.

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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[Dollymix001]

wrong again as per usual