Tuesday 15 September 2009

Monday14th September

Yesterday Monday 14th was very poor even for a Monday with only one trade which produced only 11 pips gain. None of the other pairs went in the predicted direction.

The GBP/USD Long was the only pair that traded but even they were indecisive until very late afternoon when they did manage to perform but we don't normally advocate trading this late in the day.

Today, Tuesday 15th there are one or two reports due out which could affect the GBP (morning) and USD (afternoon) so although it should be a better day than yesterday and Friday be careful and check forexfactory.com to see what the reports hold.

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