Thursday, July 06, 2006

Forex Trade - 07.06.06

2:45 pm EST- No Trades

Well we some brief movement after Trichet's comments at 8:30 am EST but after that the price completely stalled. There were no good breakouts or signals in either direction and causing us to stay out of the market today. Hopefully tomorrow will be better. Cheers! ~Big Pippin

Results: +0 pips

8:00 am EST - Analysis

Good Morning! Well, we saw the ECB leave interest rates in the European Union unchanged this morning, and now we are waiting for comments for Trichet at 8:30 am EST. Any hawkish comments on future interest rate policies should cause a bullish move in the euro.

Also, be aware of weekly unemployment report at 8:30 am EST, and ISM non-manufacturing index at 10:00 am EST. Both are not major market movers, but be aware for any large deviations from consensus. Good luck and good trading! ~Pipcrawler

EU Session High: 1.2749
EU Session Low: 1.2723

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