World Clocks

Thursday, June 08, 2006

BOE Interest Rate Announcement



  • Safe to say this trade was whipsawed. The downtrend this past week has been difficult to reverse.
  • There were key support levels that may have changed conditions, but when they were broken after 13:15gmt, all bets were off and the bottom fell out.
  • Long Trade stopped out for small -15 loss

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Speculative trading in the foreign exchange market is a challenging prospect with above average risk. You must therefore carefully consider your investment objectives, level of experience and appetite for such risk prior to entering this market. Most importantly, do not invest money that you are not in a position to lose.