SpotEuro Forex Daily Outlook August 31, 2010

What a wild day for the Yen pairs. Just as we predicted, the yen continued to strengthen despite BOJ's efforts to increase liquidity. The details are covered in the Bloomberg article below. Once again we are uncertain as to what may happen next, but technically, the sell-off that followed the initial move higher across the yen pairs, is now pointing to a continuation and this may be the setup for another big move in the next few days. There is still a lot of uncertainty and these current trading conditions are becoming even more dangerous. We have been anticipating dollar losses before the next move in its favor, but the next wave of dollar and yen strength may now be in the works. With NFP coming out this Friday, expect big moves with lots of volatility. We will be sending out a link tomorrow for our readers to join us this Friday for a FREE Live Non-Farm Payrolls trading session.

News Article: Click HERE.

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.

Category:

Education

Tags:

• forex
• fx
• trading
• currency
• training
• currency trading
• fxbootcamp
• forex trading
• daily outlook
• analysis
• technical
• fundamental
• interest rate
• money
• www.spoteuro.com
• spoteuro
• spot euro