Monday 7 April 2008

Slow But Steady Start Monday

European Session
No. of signal recommendations: 2
End-of-session results: USD/CAD (0) & CHF/JPY(-5 pips)
Maximum potential: 10 pips
Own P/L: +2

US Session
No. of signal recommendations: 1
End-of-session results: EUR/USD (-10 pips)
Maximum potential: 15 pips
Own P/L: +9, -8

Late Session
No Trade

The action was very slow today, perhaps it's the Monday after the Friday's Non-Farm Payrolls ? This morning CAD position turned out to be a good winner in the later session after the release of the building permits report which was basically in tune with the trend sentiment indicator. Unfortunately, we have entered an early signal and therefore missed out on the delayed action.

GBP Housing Price, CAD Housing Starts and US FOMC Meeting Minutes due tomorrow.

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