Another mixed session yesterday as equity markets held steady just before selling off at the last hour of trading. The pound has given up ground to the dollar to trade below the 1.50 figure and we expect this to continue, especially for the GBP/JPY as it fell below 133; however, a move back above that level may signal a rejection and a possible reversal in favor of the pound. We're still 2 days away from NFP, yet there is plenty of data that may impact the market until then. We'll be trading Australian Retail Sales data followed by US ISM as well as Pending Home Sales, only to finish off the week with the Non-Farm Payrolls.
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.
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