Interest Rates Unchanged

Today's biggest movement came as result of the interest rates remaining unchanged. All of the currencies lost ground to the US dollar in the first 15 minutes after the announcement, but gave back nearly all the gains in the next 30 minutes forming a V in the charts.

The end result was nearly another doji for the day for the pound and the yen. The other European currencies ended the day gaining a little ground on the dollar (around 40 pips).

As far as the account transfer, it should be completed tomorrow. I will be back to trading then.

Here are the daily stats for Wednesday, August 12, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.6477	1.6558	1.6389	1.6479	169
EUR/USD	1.4148	1.4245	1.4085	1.4187	160
USD/CHF	1.0817	1.0845	1.0731	1.0779	114
USD/JPY	95.97	96.73	95.11	96.05	162
GBP/JPY	158.13	159.70	155.92	158.28	378