Thursday, August 31, 2006

A Quick Update

1.30pm Trichet speaks: Thanks, Mr. 'Strong Vigilance'. My positions went from bad to worse.

4.00pm A Reversal: Not sure what happened. A big reverse move gave me a chance to trim some running losses. Still have a mountain to climb though to make it a positive week with current open positions. Anyway, +53 pips so far this week.


Markets

Trend

Breakout Level

Comment

USD/CAD

Neutral

1.1065

Long trade still open (News)

USD/JPY

Up

117.35

-

USD/CHF

Up

1.2285

Long trade + 30 pips

GBP/USD

Down

1.9040

Short trade still open

EUR/USD

Down

1.2820

-

spot GOLD

Up

616.4

Strong up trend

DOW cash

Down

11373

Breakeven trade

CRUDE OIL

Down

70.18

One long -19
One short +22



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