Friday 4 September 2009

Thursday 3rd September

Yesterday Thursday 3rd was fairly quiet with only a couple of trades taking place to produce just 79 pips gain.

The GBP/USD Short trade failed to materialise so it was left with the EUR/USD and USD/CAD to provide the gains. The other pairings failed to reach their entry points.

Today (Friday 4th) a couple of special reports due out today, the Non-Farm Payroll and US Employment Rate, both could have some significant effect either way on the strength of the Dollar so the usual Friday care needs to be taken.

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