Sunday, August 20, 2006

3rd week of August +206 pips

Not a good end to the week considering that I still have two opened losing positions:

Short USD/CAD at 1.1215 (currently -39) Oops...no wonder
Short USD/JPY at 115.83
(currently -1)


I was quite surprised that the dollar was able to shrug off the weaker than expected University of Michigan Consumer Confidence report. I am expecting some real actions as soon as the market reopens tonight.

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