Wednesday, July 4, 2007

Wednesday Results

Conservative play: -5
Aggressive play: -5

Great, some last minute actions after sending out the final signal of the day. Most of you could probably get out of the EUR-USD position close to breakeven or even fetch 1-2 pips on the plus side. I have only recognised this one play for the whole day, however, it didn't 'move' as expected in this quiet market.

Market pulse:

"The ECB is on a tightening spree, ECB policy makers are going to tighten a few more times. At the same time, the Fed is pausing and eventually going to lower rates. Rate differentials are in favor of the euro against the dollar.''

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