Friday, 14 November 2008

Close All positions

GBP, EUR and CHF are the only pairs showing some momentum. We are still in CAD, JPY and AUD but lack of progress in these trades means I will close them at best now and take any losses. Either a better opportunity will arise between now and 12:00 or I get an early start to the weekend. The lack of momentum is probably due to traders waiting for today's scheduled economic releases from the US to provide direction.