Yesterday Tuesday 15th only low gains of 47 pips although there was a chance to make some extra later in the day from a couple of pairs but we have not included them here. With the USD weak against most currencies, except for the pound which also weakened after some bad news at 9.30 am, we only had two modest trades.
The expected GBP/USD Long trade failed to materialise after some bad reports at 9.30 am (as shown on forexfactory.com) which proves it pays to monitor these reports for likely effect. Of the only two trades that did happen the USD/CAD was the best of the day at 32 pips gain.
There may be some correcting of the fairly large moves from yesterday which could be good for us. However there are one or two interesting reports due out today which could affect the GBP (9.30 am) and the USD (3.00 pm) so be careful around these times if you are in a trade.
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