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US Dollar, Japanese Yen Fail to Break Higher, Watch for US, UK, German GDP Revisions Next Week (Forex Video)

Friday, 21 November 2008 22:01:20 GMT

Written by Terri Belkas, Currency Strategist

The US dollar and Japanese yen failed to make successful breaks higher as a sudden shift in risk appetite led the Dow up 6.5% during the last hour of trading. Will US, UK, German GDP revisions impact the forex markets next week?

Stories to watch on DailyFX

·          Economic data next week may spur much price action, but US holiday could lead to lower volumes, heightened volatility
·          Extremes in retail sentiment cool. What does this project for price action in the majors?

Send any comments or questions to tbelkas@dailyfx.com.

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