Monday, June 12, 2006

Forex Trade - 06.12.06

2:00 pm EST- No trades

In typical Monday fashion, the market moved very little today. From the chart, you can see that the price stayed within the EU session's range. So no trades for today but I'm sure things will pick up during the rest of this week. Cheers! ~Big Pippin

Results: +0 pips

8:00 am EST - Analysis

Good morning! No major economic news to report today, but we do have Fed speak throughout the day. At 9:15 am EST, Cleveland Fed President Pianalto will be speaking at a monetary policy conference and Dallas Fed President Fisher will be speaking on global policy at 10:30 am EST. So, it looks like we may have another typical Monday in the forex market with the lack of news reports. Stay on your toes for any surprises and always remember the Alba rules. Good luck and good trading! ~Pipcrawler

EU Session High: 1.2650
EU Session Low: 1.2575

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