Slow day for Forex Market

Last night was pretty quiet and it looks like the same for today.  There aren’t any major economic releases until tomorrow with UK releases (PPI and CPI) and EU releases (GDP).

From what I’ve read from the more experienced traders, some prefer to trade only 3 days, Tuesday, Wednesday, and Thursday.   This allows one to get a read on the general direction of the market in the beginning of the week and allows one to exit positions before more unpredictable movement on Friday as positions are settled.

Keep an eye on these upcoming economic releases:

UpComing Economic Events DATE TIME COUNTRY EVENT Feb. 13 17:00 GMT USA Fed President Pianalto Speaks About US Economy Feb. 14 09:30 GMT GBR CPI (MoM) (YoY) (JAN) Feb. 14 09:30 GMT GBR Core CPI (YoY) (JAN) Feb. 14 09:30 GMT GBR RPI (MoM) (YoY) (JAN) Feb. 14 09:30 GMT GBR RPI ex Mortgage Interest Payments (YoY) (JAN) Feb. 14 10:00 GMT DEU ZEW Survey (Econ. Sentiment & Current Situation) (FEB) Feb. 14 10:00 GMT EMU Euro-Zone ZEW Survey (Econ. Sentiment) (FEB) Feb. 14 10:00 GMT EMU Euro-Zone GDP (QoQ) (YoY) (4Q E) Feb. 14 13:30 GMT USA Advanced Retail Sales (JAN) Feb. 14 13:30 GMT USA Retail Sales ex Autos (JAN) Feb. 14 15:00 GMT USA Business Inventories (DEC)

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