Friday, June 4, 2010

Unemployment Friday 800 GMT

Hi again
Well my cable trade is still underwater and trading at 4632 at the moment. Its just fine.
The Euro$ is still above the 1.2150 critical level. On the shorter term charts the Euro is climbing slowly after yesterdays hard fall. This creep up the chart looks very corrective to me. As i write the Euro is toying with the overnight high. Similarly the Euroyen has fallen from resistance yesterday and presently is charting out a weak corrective upthrust.

I am holding the cable trade with the stop as per the trade initiation and will make a final decision as to whether I will hold through the NFP at 1200 GMT.
Apart from that lets just chill.
Have a good morning.
David

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