Monday, June 26, 2006

Forex Trade - 06.26.06

3:20 pm EST- No trade

Well, as expected, nothing much happened today with the EUR/USD. You can see from the chart that there was very little movement except when the New Home Sales report came out. It still wasn't enough movement for us to get a trade. Hopefully the rest of the week will be better. Cheers! ~Big Pippin

Result: +0 pips

8:00 am EST - Analysis

Good morning! It looks like a slow news day in the US with the only release at 10:00 am EST - New home sales. It's not expected to be much of a market mover, but be cautious during that time frame anyways, for volatility often creeps out of no where. We may see low volatility and liquidity until June 29th when the Fed decides to raise rates. It seems like 25 bps rate hike is expected, but some market analysts say we may even see a 50 bps...who knows. We'll just have to wait and see what happens. But for today, let's keep an eye out for any Alba signals, and let's be cautious during 10:00 am EST. Good luck and good trading! ~Pipcrawler

EU Session High: 1.2579
EU Session Low: 1.2503

1 comment:

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