Profit: $0.16 Total: $972.00
The dollar bulls are still attempting to find back their groove. Although CPI came out just as expected, it wasn’t enough for the dollar to be rapidly bought. One pair that is weak against the dollar is the EUR/USD. It’s been going down at a steady rate since the beginning of October. AUD/USD, NZD/USD, and GBP/USD are all flying, however, USD/JPY seems to be considering a pullback. It’s still too early to tell, but USD/JPY broke out of it’s pendant and looks like it’s heading lower.
I haven’t been trading London since I was sick and wanted to recover with good sleep. NY’s session is just not good enough in terms of trading opportunities. I was able to scalp here and there but basically broke even for the day. I’ll try to get back on my London schedule real soon.