Happy Friday Traders!
With a few more economic releases left before the weekend, we're looking forward to a good NY trading session. As the dollar continues to lose ground against the majors, we're looking for resistance, and we think we'll see it during the London session. We're looking for a counter trend as the global recovery is waning. Economic data releases over the past few weeks have been mixed, and some signs are pointing to a double dip. We're looking towards US CPI, TICS, and UoM Consumer Sentiment to guide us into the following week. We'll be trading those releases Live with our members, so please join us later today.
Don't forget, we will be hosting a News! Trading session today, Friday, July 16, 8am EST. 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.