June 2007 Monthly Archive
Its the end of the US trading session and it looks like risk aversion continues as the Yen and the Swissy rally. I'd like to close the positions at market (1.6530) to lock in profits ahead of the abundance of news events we're about to head into. So, we take a small profit of… More…
Posted 15:40 26 June 2007 by Cyclopip
Hello Everyone! We have a nice technical setup on EUR/GBP, which looks like it's ready to continue the trend lower. Fundamentally, interest rates are expected to hike further in both the UK and the Eurozone as inflation remains a concern to both regions, but we will probably see … More…
Posted 22:05 17 June 2007 by Cyclopip
It looks like we may have been a little bit premature in our entry on this pair. After our first entry, the pair dropped on carry trade liquidation as equity markets, starting in China sold off leading to risk aversion by market players. This move triggered our… More…
Posted 03:00 06 June 2007 by Cyclopip
We had a total of four trades last month, all winning for a total of +105 pips. Not bad. Looking forward to a great month in June!… More…
Posted 23:49 03 June 2007 by Cyclopip