Nov 7 – ECB and BOE rate decisions

Personal Observations

Yesterday’s trading: Another losing STAM trade on CADJPY.  There is now alarming string of consecutive losing trades on record.  Strong performance in JBT trading yesterday, gaining 3.1R on 7 trades.

Equity Markets (@7am)

Had a consolidation day yesterday, other than the Dow which had  a strong bullish on its own (?).  Gold around $1,320.  Presumably the equity markets are consolidating ahead of the central bank decisions and NFP.

FX Markets (@7am)

Poor employment report came out overnight for AUD.  AUD weakened. 

EUR gains a point over CHF.  NZD-12, EUR-11, CHF and GBP on 9, AUD on 7, USD on 5, CAD on 2 and JPY on 1.

I will do a STAM review later on, however I will not take any STAM trades on Thursday or Friday because of central bank announcements and NFP.

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.