Monday, 25 January 2010

Monday Wrap Up


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A trading day rather than a trending one and early positions were stopped out. By 10:30, we saw a decent move in the EUR & CHF but remaining positions got stopped out either by price or by time as the morning session ended at 12:00. The net result was a loss of 33 pips and it looks like the market is digesting recent news and awaiting further clues on the health of the global economy.