Thursday, February 11, 2010

Wednesday 10 Feb 2010

A choppy day which started badly getting spiked out of some positions i put on last night and carried on choppy all day.  The Greece bailout/no bailout rumours in what feels like a low liquidity market has not been much fun.  The tight daily doji candle on most pairs show how much fun it has been.
Tonight Australia got great employment numbers and powered right out of its descending channel showing that the downtrend in the commodity currencies is doing more than pausing.  AUD, NZD and CAD are rallying hard tonight and although the continentals are quiet so far there is a good chance they will follow.
I got stopped out of my balance of AUDUSD and AUDJPY positions and have closed the rest.  I will wait and see what tomorrow brings.

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