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Yeah forecast is for unchanged... if weakening beforehand normally means weaker number expected - although I'm thinking if it comes out as expected it probably should mean some GBP strength - has corrected nicely overnight. OANDA's wide spreads does make it tough to trade figures - I know...

Not sure about California - although here in SA there is no daylight savings time changes - so we are consistenly GMT+2 - i.e. the GBP announcement is at 10:30am our time

Hi ES, Go to this link - it highlights what is important and what not. Next biggie up is the GBP unemployment figures - due in about 40 minutes... Later the US Industrial Production figures are also seen as important. http://www.aboutforex.com/fundamentals.html

Good luck Chinook for the remainder (20%) - poised now for either way - looking a tad heavy....

I still have hope for the downtrend to continue up to circa 1.24 EUR taking strain now... although should get a second breath.

Yeah baby! - lets see if 23 breaks now. I reckon so... lets see with what kinda follow through (if it does:D)

Thanks - I enjoy a multitude of inputs.

Nice Reports Gringin - where do you get them?

Yup this morning (GMT+2) - GBP was kicking some USD butt and EUR was getting its ass kicked... bit strange - although a "data-less" day so no real driver besides what I thought should be a gentle push up for EUR.

Yeah - drunken, headless chicken - stuck in a mini triangle and bouncing up and down - I'm just scared it might dip to 22 first where it should find good support.

Ditto with the long - price is chopping around now in very jittery fashion - although should favour upside - back to retest 23 Good Luck to Us

Good luck to you too - I think I'm a bit hasty with my short... normally I don't wait enough... to eager. I'm sure there will be more tests of 23 later... Have a great weekend all! Adios

I had a similar sop story - about 3 losses in a row - and made it back and more when getting in long (finally). Put in a small short at 96 with a tight stop - lets see..

Yeah - congrats Neal you called it. Lets see if the follow through happens. I'm flat and watching for now.

yup correct for now - although for how long? - still in the range :-) Might break 23 although 24 still looming. If you were trading the range wouldn't you be selling now....

"Yawn" - agreed. I'm also short. Waiting for a test of 50 and then possibly 30. Market seems to be waiting for tomorrows trade figures Good Luck

Agreed - looks like a strong reversal.... I think I'll wait till momentum changes

Yup :( - bailed out of my shorts as quickly as humanly possibly - looking to go short again between 1.2130 - 1.2150

Welcome back Chinook - we definitely need you here to facilitate conversation... I cannot see Greenspan saying anything surprising - unless he says they'll hold off with another rate hike. Probably the "moderate" talk and as usual the upbeat asessment of the US Economy - which should...

Yup - the market has been dead - although all that deadness will no doubt be erased later today.... Have a good one.