SpotEuro Forex Daily Outlook August 30, 2010

A lot of economic data to pay attention to this week. We are bullish on the dollar but are concerned for short term losses. Technically, the dollar looks good against some of the majors, but is showing some signs of a slowdown. NFP is due to be released this Friday, and with traders coming back from summer vacation as well as next week's US Labor Day holiday, we think next week's price action will set direction for the remainder of the month and perhaps the 4th quarter. As far as this week, we'll do our best to find good trading opportunities, but we anticipate a rollercoaster ride, so trade with caution.

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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