Dollar up in morning trading

October 11, 2005 by Trader Rich 

The USD is up against the majors this morning with traders awaiting
a slew of data this week, with US trade on Thursday and CPI, retail
sales, industrial production and business inventories on Friday.

My
stop/loss of 1.7491 on my GBP/USD position was triggered at 2:00 am
last night.  I lost $310 on this trade including .86 in
interest. 

My USD/JPY position is still intact down about
20 pips.  I expect solid range trading between 113.75 and 114.39
until more US data is released.

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