Friday, July 10, 2009

July 10 U.S. News Trades





CAD Unemployment Rate : For this news we forecasted that the USD/CAD would react negatively upon its release. We took short positios on U/C 5 minutes before the news was scheduled. The price the spiked in our favor for 37 pips. We took our profit for 30 pips on the move


USD TRADE BALANCE: For this news we forecasted a positive reaction from GBP/USD upon its release. We bought g/u before the news was released...price spike in our favor, but for only 25 pips or so. This trade closed for flat profit.


We are currently 30 for 31 for news trade call accuracy


We are currently positive for 1245 pips.




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