range trades perhaps?

Today we still seem to have risk aversion going on and a stronger dollar on the whole.

US new home sales dropped down to 283k. US durable goods came off worse, and the university of Michigan confidence index rose to 71.6.

S&P downgraded Ireland to A from AA-, we saw the Euro crash below 1.3300 yesterday.

UK GDP came in line to consensus at 2.8% y/y. looks like cable may be in a tight range.

Aussie bounced up after talks that Russia will be increasing Aussie in their reserves.

There isn’t any serious data out today, so looks like we’ll still be playing the trend. I do think markets will be quiet today, since it is thanksgiving and US is not going to be open.

Today may just be a good day to practice your range trading strategies.