Wednesday, December 28, 2005

Forex Trade - 12/28/05

8:00 am - Analysis

Good Morning! Today we have US Consumer confidence coming out at 10:00 am EST. The consensus is 102.0 vs the previous of 98.9 which indicates US consumers are more confident about the state of the economy, which in turn may lead to more spending, and more spending means a stronger economy and currency. It's a nice litte cycle. So we'll see what happens at 10:00 am EST. Now, in this thinly traded enviroment we could see more volatile moves, so let's exercise caution around today's news report. Good luck and good trading! ~ PipCrawler

EU Session High: 1.1930
EU Session Low: 1.1872

1 comment:

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