Monday, August 2, 2010

closed sterling position.

so i decided to close my sterling position at 1.5800. I bought sterling at 1.5570.
So i made a profit of 230 pips. pretty damn good huh!!

As far as the economic data is concerned, Euro PMI had no real impact on the Euro movement at all, so we are still seeing Euro trading quite sideways!
UK PMI came out to be at 57.3 which is a 5 month low, but was a little above consensus which was at 57.0. Again don't really see much of an impact on the cable.

As far as trades i'm looking out for. I'm still looking to enter the market long on the Euro and looking to short the yen.

will keep you updated, once i see a good trade to enter!

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