Good morning to a, hopefully, happier Team Rainbow. Our NZDUSD short trade hit 2nd target overnight for 100 pips. Make sure your stop is cancelled.
At last we have found our clear stretch of road. Got caught in "road works" behind 14 caravans for a while, but good to get into fifth this week.
Today's economics revolve soley around the interest rate statements coming out of UK and Europe at midday and 12:45pm respectively. These are followed by Trichet's words of wisdom at 1:30pm and then Bernanke gets his X-Factor audition at 3pm. Needless to say, trading this morning would be a complete gamble in anything GBP or EUR denominated. I sense there MAY be signals in Cable and GBPJPY at 9am but I won't be taking them; need to warm my hands on my safe bag of pips for a while longer (as they say). See how the land lies this afternoon.
Thursday, 8 November 2007
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