Thursday, July 03, 2008

U.S. Employment and the ECB

These are the two big stories of today, will the ECB raise rates (yes) and how bad will the U.S. employment numbers be. After todays numbers everyone is looking for a terrible number (as am I). This may or may not come true but the big thing is the economy is in big trouble, liquidity is very thin and everyone seems to be trading scared. I have taken alot of risk off the table. I do not like to take to much risk into a number as it is really a "crap shoot". Ahead of a long weekend I expect a quick, violent move and then Traders head for the beach.

I will try to update after the number to give you my take.

Good Luck and Good Currency Trading.



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