Friday, June 5, 2009

NFP - June 09

Long EUR/USD and exited with 51 stop loss. After a better than expected result on the NFP, the USD strengthen significantly but at the same time it also help risk appetite and the initial reaction is towards risk appetite and higher yielders moving higher. However the gains retraced in the first half hour after the announcement.

Entered long EUR/JPY minutes later and also exited with 95 pips loss. Overall ended the week with reduced portfolio of 1%.

No trading on first Friday of the month for 2009.

Cheers.

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