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Old

Stay Lines

Posted 12-01-2009 at 01:30 PM by zdo

Line Changes:
>None

Position Changes:
>Now flat. Stopped out again in over night

Order changes:
> Stop re-entry short at 10330 on 20% net allocated for current position.

Comments: The 10330 – 58 bracket has actually acted pretty much within expectations… anticipated these whips… Will adjust them some for rollover into March but am projecting they will work out 'for purposes of the exercise'
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zdo
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Old

Euro Poised to Test Yearly High, British Pound to Hold Broad Range

Posted 12-01-2009 at 08:39 AM by DailyFX

The Euro rallied against the greenback for the second day to reach a high of 1.5084, and the single-currency looks poised to test the yearly high at 1.5146 as the economic docket reinforces an improved outlook for future growth.

Talking Points
• Japanese Yen: BoJ Holds at 0.10%, Offers JPY 10T in New Lending
• Pound: U.K. Manufacturing Expands at Slower Pace
• Euro: Unemployment Rate Hits 11-Year High
• US Dollar: ISM Manufacturing, Construction...
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