Good morning Team Rainbow. Well, it's like Christmas morning. Take a look at the EURJPY present under the tree, it's got 100 pips in it! The EURJPY trade went on to hit 2nd target overnight. Make sure your stop is cancelled.
The Cable (GBPUSD) trade is still going, the 2nd half still live. I thought when I went to bed last night it was inevitable that both 2nd halves would retrace to break even but, there you go. Never predict what the markets will do!
Today's economics: the GBP trade balance at 9:30am, when also ECB President trichet speaks (hold your breath!) and then.......the MONSTER..the Fed minutes at 7pm in the US. This could very spark something (stock market correction perhaps?)
Tuesday, 9 October 2007
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