Forex traders sharing ideas
trading outlook for oct 22
Looking forward to tomorrows UK retail sales numbers... I am expecting the release to come in just above expectations at around 1.0% we expect the sterling to pick up some strength initially but those gains should be short lived and relatively modest followed by an area of consolidation and mild dollar strength.
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Permalink Reply by Adam Horak on -
todays trading market acted as predicted... the UK retail numbers did not meet expectations but fell short.... however the the European currencies acted as expected with mild dollar strength even as the US stock market pushed back above 10k. look out as we head into the weekend, i don't know who would want to hold greenbacks at this point in time... i expect the dollar to continue its slide throughout Friday.
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