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A risk weekend ahead is worth taking note of

Some events over the weekend mean there's a risk for the Asia open

As Greg has just noted, retail brokers might be battening down the hatches over the weekend. It's a sensible move so expect more to possibly follow.

For the pound, with the increased volatility in place there's plenty of scope for our press to go scouting around for some inflammatory headlines, and they won't be short of people willing to step up and give some.

The IMF shindig is ongoing over the weekend and we have further appearances from many central bankers.

China's services PMI is out also (Late Fri US, early Sat morning UK, Europe)

We've also got Hurricane Matthew hitting the lower US East coast and that could have a big impact over the next couple of days. We hope that any ForexLive readers there stay safe and well, as we do for anyone over there. If there is big damage then there could be market ramifications at the Asia open.

We should also be on the look out for some profit taking into this eventful weekend. That might mean profit taking on the wider moves as well as on today's moves, and looking at prices, we might already be seeing some of that already as the euro ducks back to 1.1150 and cable dips below 1.2400 once more.

Whatever you're doing folks, stay safe this weekend and into the closes today.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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