Wednesday, July 1, 2009

July 1 U.S. News Trades


USD ADP Non-Farm Employment Change : For this news release, we forecasted 15 minutes before release that the gbp/usd would react positively. We entered buy positions a few minutes before release. Price went in our favor 88 pips, but we only took 80pips out of the move.
USD ISM Manufacturing PMI : We forecasted positive reaction from gbp/usd, but since the news release didnt have much change, we closed our position early for flat profit
21/22
Currently +1040

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