If our analysis is correct, we should continue seeing the majors rally vs. the dollar and the yen over the next few days. We’re looking forward to trading the UK Retail Sales data during the London session and we expect the number to be released better than expected. Yesterday’s consolidation may not be complete as the dollar is firming up and trading near the low of the range see over the last 10 hours. With the DOW still trading above 10300, we will look forward to further dollar losses over the next few days. Still keeping an eye on equities as risk aversion may hit on any bad news. Don’tforget, 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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Tags: 2010, Daily, Forex, June, Outlook, SpotEuro

The DOW attempted to break out above 10K but couldn’t stick the number and closed down today just under 9900. This may give the markets a bit of scare and we may see more risk aversion today during late Asian and London trading. Interest rate announcements during the London session may help the dollar strengthen if we hear dovish statements out of the EU and the UK. This is doubtful as politicians will most likely attempt to help their respective currencies and it will be up to the market to read through the lines. We still see much more room for the dollar and the Yen to improve. We’ll be trading the AUD Employment figures as well as the interest rate announcements. Today’s price action should be exciting. Don’tforget, we will be hosting a Live! Trading sessions today. 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. Please visit us at www.spoteuro.com
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Tags: 2010, Daily, Forex, June, Outlook, SpotEuro