This was a rough week for trading as the market went through some wild mood swings. Central bankers' rate decisions and comments in this week seemed to do its usual tricks and rattled the market a lot. Undoubtedly, the number one driver at present is the interest rate decisions and this trend looks set to continue. More 'talks and comments' are scheduled next week.
A very mixed picture from the technical point of view:
Some yes, some no
The dollar rallied unexpectedly on Wednesday
A very mixed picture from the fundamental point of view:
Bernanke: 2008 Outlook Worsened
Fed Cuts by 75bp in January? What are they thinking?!
Results for 07.01.08 - 11.01.08:
Day / EA / Swing Trading
Monday: Lose /No Trade
Tuesday:Win / Win
Wednesday: Lose /Lose
Thursday: Win / No Trade
Friday: Lose / Win
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