SpotEuro Forex Daily Outlook September 1, 2010

A mixed day across the majors yesterday. With a lot more economic data up on deck, we'll look to trade today's UK data during our Live trading session. A lack of correlation is a cause of concern of possible reversals. Technically, the yen looks to continue strengthening; however, we expect consolidation before Trichet's press conference and Friday's Non-Farm Payrolls data. We don't want to see the market sell-off into safe haven currencies until later this week or early next week. With the market lacking direction, many trade ideas may be short lived.

SPECIAL Trading Session: Trading Non-Farm Payrolls September 3, 2010
When: Friday, September 3, 8:00am US Eastern time (1pm London, 4pm Dubai, 9pm Tokyo)
Cost: FREE

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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Education

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• currency trading
• forex trading
• daily outlook
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• fundamental
• interest rate
• money
• www.spoteuro.com
• spoteuro
• spot euro

[criskizer]

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