Daily Forex Market Update – 2008.07.08

What an interesting US session! Firstly, the Fed’s Yellen reiterated that the Fed should act on inflation and then the equity market (Fannie and Freddie) sells off.. This sends the EUR/USD surging higher, giving us a bullish probability. Talking about the US afternoon session having a probability changing effect… Today’s Probability Studies can be found on our blog right here: blog.fxinstructor.com To learn more about the Live Forex Trading Room, please visit: www.fxinstructor.com

Pound Breakout?

Will the GBP/USD breakout on the Gross Domestic Product new aanouncement tomorrow? Take a look at the video to learn where this might happen…