Tuesday, June 13, 2006

Forex Trade - 06.13.06

3:15 pm EST- No trades

Well even with the news reports today we still saw some indecision in the EUR/USD during our session today. We had a pretty good Alba signal at 9:40 am EST but the price closed right at the EU high which is why we didn't enter. Other than that close trade the market pretty much stayed within the EU session range which prevented us from trading today. Hope you all did ok. Cheers! ~Big Pippin

Results: +0 pips

8:00 am EST - Analysis

Good morning! We have a few major economic releases at 8:30 am EST with US Producer Price Index and Retail Sales. At the same time, Fed Chair Ben Bernanke will be speaking on consumer issues in Washington. The main concern of the Federal Reserve has been inflation, and this morning reports should provide an insight to what they may do with the rate decision at the end of the month. High volatility is expected by the market, so please be very cautious this morning. Good luck and good trading! ~ Pipcrawler

EU Session High: 1.2606
EU Session Low: 1.2557

1 comment:

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