Monday, December 12, 2005

Forex Trading - 12/12/05

Results from last week:

Monday: +30
Tuesday: No Trades
Wednesday: No Trades
Thursday: +50
Friday: No Trades

Total: +80 pips


8:00 am- Analysis

Good morning! Hope everyone had a great weekend! I'm sure you did but it's time to get back and get focused on another wonderful week in Forex!! We have an abundance of dollar moving US economic reports this week, but ofcourse, the biggest story this week is, "are they going to announce more hikes at the Fed meeting?" We'll have to wait and see. Well, the eurusd made a strong move during the EU session, approximately 100 pips...so i would look for a possible pull back to the 1.1889 - 1.1864 range before it decides to make any moves higher. We have the Treasury Budget coming in at 2:00 pm EST. Consenses is -77.3B vs. previous -57.9B. Again we always say be cautious around news time because you never know how the market react. Always plan your trades and trade your plan. Good luck and good trading! ~ PipCrawler

Sorry, no chart this morning...our charting system is temporarily having issues. Hopefully, it will be back up by the evening analysis.

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