Featured \Nick Nasad \ 5:44 PM EST \ July 14th, 2010
Fed policy makers confirmed what the data the last month and a half has been showing – that the US economy faces a relatively modest worsening. Weaker than expected retail sales data only brought home the point in earlier NY trading. The greenback was weaker with the Euro and Pound rising, while the Yen benefited from traders taking some risk off the table.
JamieSaettele: and big reasoning for going short $EURUSD this morning was WHEN the highs/lows were made-low was in asia and high at 4 am 9 minutes ago from TweetDeck
JEliasof: $GBPUSD came w/in 5 pips of the 200-day SMA before reversing (a level it hasn't closed above since early Sept) ..all eyes on BoE APF #forex 30 minutes ago from web
EdMatts: Like to think calculated risk not balls.lol. either way its early days still for 12750 $DJIA lRT @dinnycal18: Thats a ballsy move Mr. Matts 35 minutes ago from TweetDeck
DavidJSong: $AUDNZD: Will be keeping a close eye on this pair as we have New Zealand 4Q Employment later today. Employment is expected to increase 0.4%. 42 minutes ago from Echofon
DRodriguezFX: Automated trading strats never going to have the same vision as human eye. Stop on that EUR psn is 1.3152, but no major levels there. 1 hour ago from TweetDeck
DRodriguezFX: I like the risk/reward on a short-term EURUSD position here. Stop below morning low of 1.3242, initial target of range high of 1.3285. 1 hour ago from TweetDeck
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Daily Video Recap: Minutes Confirm US Economy Faces “Relatively Modest” Worsening
Featured \ Nick Nasad \ 5:44 PM EST \ July 14th, 2010Fed policy makers confirmed what the data the last month and a half has been showing – that the US economy faces a relatively modest worsening. Weaker than expected retail sales data only brought home the point in earlier NY trading. The greenback was weaker with the Euro and Pound rising, while the Yen benefited from traders taking some risk off the table.
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