Tuesday, June 1, 2010

Shorted EUR/USD for 80 pips

Shorted EUR/USD at GMT8:18 at 1.2197 with target of 80 pips. It was realized approximately one and half hour later. Gained 6.2% from this trade alone. EUR were hit by news of ECB warning that European banks face additional write-offs estimated at €195bln, EU April employment rose to its highest level since June of 1998 at 10.1%, May manufacturing PMI falls to 55.8 from 57.6.

Also shorted GBP/USD and GBP/JPY but closed early after seeing it did not move much and report of improving UK PMI later helps the pair to outperform. Glad to got out with break even.

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