Dollar Slides Again

The dollar continued to lose ground across most of the currencies, with the yen being the exception. It was an active day for the markets, with most of the action during the first half of the European session. It then stayed pretty quiet until the interest rate announcement by the Fed. It bounced around back and forth for more than 30 minutes, although the rates remained unchanged.

All of the currencies had pretty big movements, much larger than normal. The euro moved more than twice its normal interval. The swiss franc also moved about twice its normal interval.

I made 22 new trades today, closing 17 winners and 1 loss. The net pips is +273.6 pips, or 0.53% gain.

Unfortunately, I did not get an update from Summerstreet yet.

Here are the daily stats for Wednesday, November 4, 2009.

Open

High

Low

Close

Pip Interval

GBP/USD	1.6436	1.6595	1.6399	1.6551	196
EUR/USD	1.4722	1.4907	1.4701	1.4860	206
USD/CHF	1.0258	1.0276	1.0126	1.0160	150
USD/JPY	90.31	91.30	90.03	90.71	127
GBP/JPY	148.45	151.25	147.77	150.14	348

May the pips be with us!

The Pipmaster
Email: titangroupfx@gmail.com