Today’s Trade Result: -25 pips
November 2011: +12.5 pips
October 2011: +965.5 pips
September 2011: +289.5 pips
Let’s take a look and analyze the market and the news events that took place overnight during the Asian and European market hours. The big headline was the joint liquidity operation by top central banks to participate in lowering the current cost of funding by cutting 50 basis points.
We’ll focus on relevant news, public comments, and any high impact releases that are shaping the overall market today, or in other words, considering the context of the market. Then we will look at the official trade recommendations issued yesterday and calculate profit/loss results. Then we’ll move forward with today’s analysis for all 7 major pairs plus any other pairs that are worth mentioning, and we will end the daily analysis with trade recommendations.