At the end of the previous trading session I had no open positions.
In today's trading session there were two interesting events that pushed the undercurrents to move along;
1) President Ogama and German Chancellor Angela Merkel's meeting and press release.
Article - "Obama expresses concern about slowing economy - Obama concerned about slowing economy but not second recession; few options at hand"
http://finance.yahoo.com/news/Obama-expresses-concern-about-apf-1053772697.html?x=0&sec=topStories&pos=main&asset=&ccode=
Article - "Obama pledges cooperation in euro debt crisis"
http://finance.yahoo.com/news/Obama-pledges-US-cooperation-rb-3828695960.html?x=0
Article - "Moody's: Greek rollover would likely be credit event"
http://finance.yahoo.com/news/Moodys-Greek-rollover-would-rb-2066321088.html?x=0&sec=topStories&pos=4&asset=&ccode=
2) Federal Reserve Chairman Benjamin Bernanke's press release and subseqent Q&A.
Article - "Text of Bernanke’s speech on economy"
http://www.marketwatch.com/story/text-of-bernankes-speech-on-economy-2011-06-07
http://www.marketwatch.com/Story/story/print?guid=239F3180-9140-11E0-AE1C-002128049AD6
Article - "Jamie Dimon questions Bernanke about Dodd-Frank"
http://ca.finance.yahoo.com/news/Jamie-Dimon-questions-cnnm-1875358383.html?x=0
Ultimately as a Trader only the trades matter;
Buy-To-Open 300000 USDJPY at 79.968 (2011-06-07, 23:21 pm EST)
Currently I have the following position;
Long 300000 USDJPY with ACB of 79.968
USDJPY is currently 79.944 (2011-06-08, 00:46 am EST)
Total equity is 97% of June 1st, and unchanged from previous.
Stay Tuned,
Jeff
(2011-06-08, 00:46 am EST)
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