The Euro pulled back on Friday and slipped to a low of 1.2980 during the overnight trade as investors scaled back their appetite for risk, and the shift in mark sentiment could lead the EUR/USD to retrace the advance from earlier this week as the economic docket is expected to show the world’s largest economy expanding at a slower pace in the second quarter.

Talking Points
• Japanese Yen: Rallies Across The Board
• Pound: Halts Six-Day Advance
• Euro:...

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Who likes losing money trading? The obvious answer should be “nobody”-but from what I read and hear, people lose lots of money. In fact, too many traders lose way more money than they make. Either they have really deep pockets, only remember the good trades and neglect to read their P and L’s, fear success more than failure-or-simply lack a game plan and strategy to adhere to. I’m going with the latter.
Before one establishes a trade, there are...

Real GDP in the world’s largest economy expanded 2.4 percent in the second quarter after climbing a revised 3.7 percent the quarter prior amid economists’ forecasts of 2.6 percent. Going forward, we may continue to see weak growth in the U.S. as stimulus measures begin to fade. Immediately following the disappointing data, the USD/JPY tumbled from 86.44 to an intraday low of 85.95, and the southern journey may continue going into the North American trade on the back of risk aversion.
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