SpotEuro Forex Daily Outlook April 6, 2010

With Easter weekend out of the way, we're looking towards the European session to lead price action. We'll also be trading the RBA cash rate announcement due to be released in a few hours and we think there could be a very big move, either above .92 or a reversal lower. There may be a surprise decision to not raise interest rates as expected and this may cause the dollar to strengthen significantly over the next couple of days. We will also host our usual Live! Trading session today, please see details below. Well have a more concise analysis following todays price action as we must wait and see reaction to the recent economic data following light volume during the holiday.

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