Today’s Trade Result: +15 pips
October 2011: +630 pips
September 2011: +289.5 pips
We’re are going to review some of the news events that took place over the Asian and European trading hours, including the UK Retail Sales and US Existing Home Sales, as we get ready to start our trading session today October 20, 2011.
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.