Monday 10 August 2009

Friday 7th August

Friday 7th was Another strong rally day for the US Dollar mainly on the back of better than expected Non-Farm Payroll figures. This was abit of a surprise and as a result it was a strange trading day.

Our predicted Long trade for the GBP/USD failed to materialise so there was no trade on that one.

Only a couple of other small trades happened because of the Dollar strength so our overall gain for the day was only 43 pips from just two trades.

Today (Monday 10th) looks to be a difficult one trying to judge how the US Dollar will fair after last weeks rallying. Still not much good news coming out of America so a time to be careful until the dust settles!

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