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Hi everyone, welcome back! Tough day yesterday with my Internet connection, I gave up posting, because it was driving me nuts! Another advantage of living in the third world.. Anyway! as comment during past Asian session Live Wrap up webinar, and several times along these days gold keeps pushing higher and seems to be the main reason greenback is unable to extend the downside correction. EUR/USD failed again to break above 1.5000 and that should be a bit discouraging for bulls, while GBP/USD finally break lower as I was expecting yesterday, and while capped under 1.6660, still bearish. Majors are quiet now, probably waiting for U.S. GDP expected around 3.0% for this quarter, from a previous upside surprise reading of 3.5%. We need a really different reading there, to see a market reaction. Either strongly above that 3.5% or under 2.7% could trigger some market reaction I do believe. I will be covering it Live! at Fxstreet.com home page. Here is the link for today’s calendar:
http://www.fxstreet.com/fundamental/economic-calendar/
Have a great day!