Today July 31 is a day that will live on in infamy.... JOKE.
That is however not a really gross exaggeration. Because this day we
have so many high risk events and so many trigger happy traders.
First, in a few minutes we will have the Eurozone CPI. After this, we
have the US GDP. Then we have the FOMC rate decision and press
conference. All high risk events that has everyone on edge because this
is where the Feds will have to convey their sentiments about the start
of tapering IF it is to commence on September.
Moreover, the technical data all suggests to imminent breakouts in AUD,
USD, EUR and even JPY. The problem is no one can tell which way it will
go. It can go either way and this is what makes the next 12 hours pretty
tense.
So we have the EURO data coming up.
Good luck!
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