News event: CAD Retail Sales; Long & Short USD/CAD - Results: +2 & 2 & 25 & 51 pips
On 16 September:
News event: US CPI & TIC Net Long Transactions; Long & Short GBP/USD - Results: +1 & 1 & 25 & 28 pips
Fortunately, we were able to make more profits this time round (i.e. +80 pips vs. +55 pips).
You can now signup for the NewsTrader EA Program and prepare for the upcoming news events scheduled for this week:
Tuesday - CAD CPI; Wednesday - GBP CBI Realised Sales, US Existing Home Sales; Thursday - US Durable Goods, US New Home Sales; Friday - GBP House Price Index (Nationwide) US Final GDP, US Revised UoM Consumer Sentiment
You can now signup for the NewsTrader EA Program and prepare for the upcoming news events scheduled for this week:
Tuesday - CAD CPI; Wednesday - GBP CBI Realised Sales, US Existing Home Sales; Thursday - US Durable Goods, US New Home Sales; Friday - GBP House Price Index (Nationwide) US Final GDP, US Revised UoM Consumer Sentiment
4 comments:
Hi Lloyd, what do you think tomorrow will turn out to be for EUR/USD? Based on all the fundamentals it looks like that Dollar will continue to stay weak. No actions from the Fed yet. Rally on this pair soon or the all time low that we saw on this pair is not rather low yet? Thanks in advance.
Hi firewalker, generally, I am still bearish about the US dollar at present. My last entry was indeed long EUR/USD at around 1.4250 last Friday. Since then, it has shot up 500 pips in just two trading days. I am looking to long this pair soon if the conditions line up.
Thanks Lloyd. Not much happened during the hearing this morning. Doesn't seems like the senators like much about the 7B bailout plan. The pair retraced back a little and I had some positions in there as I thought we would get some big moves following this. I think you are right, long may just be the way to go as some of the people are saying that this may touch the 1.5 region in the next few days. I'm still waiting for some sort of signal on the bailout.
Today, I had another go at 1.4682 and exited for 54 pips. Hope I can find another similar setup tomorrow. I have to monitor the situation day by day.
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