Flat and Oily

Yesterday's Wall Street trading was mainly flat, but the Wall Street currency, the dollar, was headed in one direction against the Euro: up. The EUR/USD pair lost about 150 pips Yesterday, and as usual, Forex Tracer took full advantage of this situation.

A very important indicator will be released today at 10:30 EST, the crude oil inventories. This number is very important today, and it will help to determine the course of oil for today. If the inventories are exceptionally low, oil may jump beyond its past record.

The interesting indicators will come tomorrow: initial claims and retail sales. These numbers will definitely show the dollar a course of action. With Friday's extremely important report, the CPI, the retail sales figure will also make some people very rich.

Good luck with your trades,
Nadav

nadavs