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We watched the Greenback take a beating all last week as US data has been showing that the US economy is not as strong as we all thought, and that further weakness is expected. We pretty much rode USD down the whole week, and with the exception of our Wednesday trade, hit profitability every day.

Monday: +20 pips
Tuesday: -46 pips
Wednesday: +20 pips
Thursday: +80 pips
Total: +74 pips

This upcoming week should be as action packed as we have PCE Price Index, Consumer Confidence, Chicago PMI, ISM index, and Non-Farm Payrolls being released. Also, for all of you Euro watchers, when have the ECB interest rate statement on Thursday. So, let’s stay on our toes because there are plenty of pip collecting opportunities out there. Time to end the month of October out strong!

This content is strictly for informational purposes only and does not constitute as investment advice. Trading any financial market involves risk. Please read our Risk Disclosure to make sure you understand the risks involved.