Wednesday, June 07, 2006

Forex Trade - 06.07.06

6:00 pm EST- No Trades

I thought that Al might make the market move today after his testimony but it turns out his magic is gone. We had a close breakout at 9:40 am EST but it didn't quite meet our criteria. The market then moved back within the EU range and stayed there the rest of the day. Hopefully the rest of the week will be a little better. Cheers! ~Big Pippin

Results: +0 pips

8:00 am EST - Analysis

Good morning! It looks like the only potential market moving moving report today is at 10:00 am EST, EIA weekly crude oil inventories. Also, former Fed Chair Greenspan will be testifying before the senate today on oil and the US economy at 9:00 am EST. So, please be cautious and on the lookout for potential volatility at those times. Unless we see a surprise I think traders will be cautious before the ECB interest rate statement tomorrow. Stay focused, remember the Alba rules, good luck and good trading! ~ Pipcrawler

EU Session High: 1.2826
EU Session Low: 1.2770

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