Today, all scalping trades positive. Comments by ECB President Jean-Claude Trichet were interpreted to mean that a rate increase next month is likely – and possibly higher rates by year end. This caused volatility in the Euro as it moved up, which generated the most transactions during today’s day trading session.
The Bank of England’s (BoE) decision to leave rates unchanged also contributed to weakness in the pound (GBP). One scalp on the GBP/USD came about as a result.
The robot trading program is making progress, although small. We need access to greater liquidity and hopefully, the Currenex system will be the key (or at least one of the keys going forward).
