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ForexMasterMaker Managed Account Weekly Report for 11.02.07 Here is the Weekly Report for the FMM Managed Account. There were not a lot of trades this week and the market is reacting different than normal as different currency pairs reach extreme levels. Dustin did send out an email to most clients on his other mailing…
DetailsWe were watching two news releases this morning, neither of which hit our triggers. First the US PC Core report came out, and my recommendation was only to trade this if we had Personal Spending and PC Core in agreement, and both deviating by 0.2 or more. This did not occur, so this was a…
DetailsToday we had several news events that we were watching. First were the US GDP and the Canadian GDP that were released at the same time. Just prior to that, we had ADP Employment come out of the US, and then today at 2:15 we saw the FOMC adjust their rates down .25% as expected.…
DetailsAs I mentioned in my blog yesterday, we have seen more USD weakness as the market is anticipating a .25% rate cut by the FOMC tomorrow afternoon. Again, the key factor on market direction will be the comments following the rate decision. If they follow up saying that they are considering dropping it more, then…
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