I got a question in the forum asking about the date/time stamp we used to have on the pairs pages. We've removed the date/time stamp due to some issues we were facing. Here's how we're doing it though. We will be posting the PFX Forex Trading Outlook each day after the videos have been updated. That way, when you see the Outlook, you know the new videos, charts, etc. are up and live and you can start your daily routine. We're hoping this will give you an easy way to see right on the front page if the new videos are live.
REVIEW: 17 JULY 2008
The Japanese yen (JPY) took it in the shorts today on another 200+ point day on the Dow Jones Industrial Average, and a nice day all around on Wall Street. It seems that as investors gain confidence in the U.S. stock market, they go out looking for ways to step up their potential returns by taking on a little extra risk. Check out today's Intermarket Analysis Video to see how the VIX is playing into all of this.
Falling commodity prices also took their toll on the commodity currencies---the Australian dollar (AUD), the New Zealand dollar (NZD) and the Canadian dollar (CAD).
PREVIEW: 18 JULY 2008
Watch to see what Wall Street does tomorrow. Traders may be tempted to take some profits at the end of a nice bullish week. If they do, this could drive the value of the U.S. dollar (USD) down a bit.
All in all, however, it should be a relatively uneventful Friday---barring any crazy news announcements. Most of the majors pairs will most likely stay in the trading ranges they've been developing.
As far as economic announcement go for tomorrow, it's going to be a rather light day. Keep your eye on the following:
- EUR German Producers' Price Index (PPI)
- EUR Trade Balance
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