Tuesday 11 August 2009

Monday 10th August

Monday 10th proved to be a difficult day as the Dollar remained strong against most currencies except the Yen.

Our predicted Long for the GBP/USD failed to develope and as a result there was no trade again to day.

Some of the other pairs started to go in the right direction for our predictions but not until later in the day and then not very conclusively so therefore we had a modest profit day with only 37 pips gain.

Market rather undecided today (Tuesday 11th) many traders appear to be waiting for announcement from Fed Bank due in a couple of days.

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