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Old 08-25-2008, 06:50 PM
DailyFx's Avatar
FX Analyst
FX-Men Honorary Member
 

Join Date: Jan 2007
Posts: 10,134
Default Dollar Ranges Could Fall With Tomorrow's FOMC Minutes (Forex Video)

Dollar may find volatility with direction tomorrow as the market prepares for the FOMC minutes and a few noteworthy housing and sentiment indicators.







· Sharp pound reversal triggers retail GBPUSD stops and balances sentiment in the process.
· Pound positioning in COT data shows the greatest number of shorts on record. Was today's reversal a sign?

Stories to watch on DailyFX

· Event risk heats up Tuesday. Prepare for the event risk by reading up on the 5 Key Events report. Up first US housing and confidence data, then the FOMC minutes.
· See what trade setups are topping the DailyFX Analyts' lists in the DailyFX Analysts Picks section.

Send any comments or questions to jkicklighter@dailyfx.com.
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