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Forex in 60 Seconds - The Dollar May Finally See Breakouts Next Week As NFPs Meets GDP

Friday, 25 July 2008 21:30:12 GMT

Written by John Kicklighter, Currency Analyst

 
 ·          UK 2Q GDP meets the consensus and matches a 2001, yet the event risk still leads to a pound rally.
 ·          The Dollar's docket is top billing next week with 2Q GDP, ISM manufacturing and July NFPs all scheduled within 36 hours of each other.

Stories to watch on DailyFX

·          A pull back in high yield currencies may have dampened a breakout in risk appetite and the carry trade.
·          Prepare for next week's loaded economic docket with Kathy's Daily Fundamentals.

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

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