SpotEuro Forex Daily Outlook September 2, 2010

Another solid day for traders that sold the dollar yesterday. For now, we expect dollar bears to resume selling following the ECB press conference. We anticipate Trichet will support the European economies and will most likely state that things are progressing in the right direction. This should alleviate some concerns in the short term and push the majors higher. We also saw good support across the yen pairs, and with the Dow Jones continuing to trade above 10K, risk aversion shouldn't be a topic until US NFP data. Don't forget to register to trade with us for FREE during the NFP LIVE! trading session.

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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