Monday September 6, 2004 - 12:33:02 GMT
Share This Story
FX Thoughts for the Day - www.fxthoughts.com
FX Thoughts - Evening - 06/09/04.......1225 GMT
US Labor Day holiday today, so the market will probably become stagnant soon. As such we shall not take any fresh positions tonight.
Cable @ 1.7794/9....Holding Short
Multi-layered Resistances from 1.7815 to 1.7900. Looking for a fall towards 1.7500-1.7485 while the market stays below 1.7900. Holding Short, hoping the SL will not get triggered. If it does, would like to sell again on a further rise from there. The day's statistically projected High at 1.7873 ought to hold the market down.
GBP 15K Short at 1.7759, SL 1.7830 (down from 1.7837), TP 1.7520
Sell GBP 15K at 1.7850 (not 1.7857), SL 1.7930, TP 1.7500.
Forex Trading News
Daily Forex Market News
Forex news reports can be found on the forex research
headlines page below. Here you will find real-time forex market news reports
provided by respected contributors of currency trading information. Daily forex
market news, weekly forex research and monthly forex news features can be found
Real-time forex market news reports and features providing
other currency trading information can be accessed by clicking on any of the
headlines below. At the top of the forex blog page you will find the latest
forex trading information. Scroll down the page if you are looking for less
recent currency trading information. Scroll to the bottom of fx blog headlines
and click on the link for past reports on forex. Currency world news reports
from previous years can be found on the left sidebar under "FX Archives."