Wednesday, September 16, 2009

Update 9/16

Been busy on my business (computers and tech stuff) the past few weeks. It's still on startup and stabilizing mode. Hence, I haven't been able to focus much on trading.

The market had a dip early this week caused mainly by trade tensions between China and the US. Fearful traders and investors ran to the safety of the dollar in case a full-blown trade war ensues between the two superpowers. We all know it ain't gonna happen - unless, of course, they both want economic suicide. There's just too much interdependence between their economies so I believe things will subside in the coming days.

For now, I remain bullish for the EUR, CAD, GBP, Kiwi and Aussie. Will be trading again in a few days.

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