Friday, October 5, 2007

European Updates and Position updates

Rumors that ECB wants to lower eur to increase exports.

My usd/cad trade is moving very nicely in my favor. It was up over 100 pips earlier.

eur/chf finally went positvie and so did usd/jpy

I don't like the pace t he usd/jpy is trading at. l believe should be moving much higher. I want to exit but I will stick to my current plan and stay long.

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