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At last we are seeing some decent volatility and continued dollar strength as fears of sovereign debt failure grow amid a fragile global economic recovery. Four out of six trades this morning have produced a profit, one a loss and the other breakeven.
At 09:20 we saw the Sell signal in GBP, a few minutes later a Sell signal in EUR and after a further 20m, we saw signals in AUD, CAD and CHF. With barely any time to catch our breath, the next minute saw GBP, AUD and EUR trades reach their Targets yielding profits of 43, 22 and 43 pips respectively. Fifteen minutes later, we saw the final signal of the session from JPY which was stopped out at 11:52 for a loss of 20.5 pips. The CAD position met its Target at 10:25 giving us 32 pips profit and the CHF position lacked momentum to reach its target and was stopped out at entry price at the end of the trading session. The net haul was a profit of 119 pips leaving us with a net profit of 116 pips for the week. Have a great Valentine's weekend and join us next week for some great trading opportunities.
