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 Trading Ideas - Boe And Ecb Interest Rate Decision, Ecb Trichet's Speech - 7th Of August |
 Aug 7 2008, 6:35
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 Mataf's VIP  Group: Admin Posts: 2,566 Joined: 8-September 05 From: France Member No.: 1 Demo/Real: Real Leverage: 1:5  |
Hello,
Today The Bank on England (BoE) and the European Central Bank (ECB) announce their rate decision. Current rates are 5% in England and 4.25% in Europe and the market doesn't expect any change. I update the technical analysis and come back in 30 minutes |
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Aug 7 2008, 7:07
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#2
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Mataf's VIP Group: Admin Posts: 2,566 Joined: 8-September 05 From: France Member No.: 1 Demo/Real: Real Leverage: 1:5 |
EUR JPY, speculative trade : buy
AUD USD near a strong support. if it breaks => 0.8700 (400 pips). EUR AUD, uptrend again
GBP JPY : sell on resistance or buy if it breaks... very hard to choose
USD JPY, USD CHF, USD CAD, GBP USD, EUR USD follow the trend. Don't forget your stop loss, the price are overbought/oversold.
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