SpotEuro Forex Daily Outlook July 13, 2010

By IBTimes Staff Reporter | July 13 2010 2:32 AM

We are expecting volatility during the London session as UK CPI data will be released followed by German ZEW Economic Sentiment. These two pieces of data should give us some direction. Analysis hasn't changed since yesterday, and we are looking to trade momentum and the initial market direction following the news. We are going to be trading the CAD and USD Trade Balance figures due to be released later today. A lot of data is due to be released and we have to stay on high alert as any change in direction will be crucial to protecting profits or keeping stops tight.

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