News Trading Stategy

It seems to me today could be a really good day for the fundie faders with the market likely to move both ways although the dollar should come out on top.

PPI numbers look to be dollar bearish and a spike in euro and cable is what I'm preparing for. The real money is going to be made on the reversal because the housing data seems to have a surprise side bias on the upside.

Going long now (hour and half before the release) on euro and cable and looking to take profits on the spike and go short through to the housing data being released and beyond.

Good trading to everybody.

Okay I'm out of my dollar shorts because the market just wasn't proving me right. I've just gone long usd and will look to fade any dollar weakness.

What market insight. Please keep it coming!

First off thanks for the compliment.

I'm looking at it now and it could well fall further but right now the support at 9460 and 3090 seems pretty strong. We need a good break through these levels and then you can really wave goodbye to the eurusd and gbpusd come time for the consumer sentiment. The market will use this release as an excuse to sell.

Well the support levels I talked about held so the dollar bears won the day. Not the most volatile day though.