Recap Downside bias happened and tagged downside target of Y-2. But dropped in a 3 pushes down manner instead of a selloff. Closed the week above midpoint.
Outlook This week due to the S&P downgrade, potential Fed and G8 inventions will throw all markets into chaos. See this and the related articles as the situation develops over the weekend.
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
Lawrence's Comment
Recap
Bearish expectation played out. Struggled around Y-1 / 1.10 round number before giving in by end of week. Closed the week below Y-1 and midpoint.
Outlook
FOMC week will ...
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
EURUSD Aug 08 to Aug 12 Outlook
Lawrence’s Comment
Downside bias happened and tagged downside target of Y-2. But dropped in a 3 pushes down manner instead of a selloff. Closed the week above midpoint.
Outlook
This week due to the S&P downgrade, potential Fed and G8 inventions will throw all markets into chaos. See this and the related articles as the situation develops over the weekend.
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