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Starting the day

Posted on June 26, 2008

Good morning! Welcome to a new day in forex market. Despite a short lived correction in Asian session, majors are pointing for more gains against American dollar for today, that could be neutralize only by very good readings in the US fundamentals (something hard to see these days). Today, we have the following news, East time: 08:30 US GDP-Final Q1 (Expected1.0% Previous 0.9%) and Chain Deflator-Final Q1, expected with no changes at 2.6% 08:30 US Weekly Initial Claims (Expected 375K Previous 381K) 10:00 US Existing Home Sales for May (Expected 4.95M Previous 4.89M) 19:30 We have a bu...

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forex , yen