No trades for tonight. My trade for USD/CHF ended in a loss of 100 pips. Hence we are still up net 30 pips for the month.
The USD continues to be strong inspite of bad economic data primarily as higher oil prices are hurting other economies and hence a stronger dollar helps all exporting countries.
I still maintain a long term bearish outlook on the dollar unless there are economic indicators to the contrary which there are none at the moment.
My current practise account will expire this weekend and hence will start trading with a new account next week.
Thursday, August 14, 2008
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