Tuesday, May 23, 2006

Gold Recovery, Forex Back To Range Trading

Gold resumed to it's recovery after the drop in the prices become a buying opportunity for the COMEX traders. There's not much action seen in forex market as it's pretty boring for the past 48 hours. I hope tomorrow's German IFO could create some movements... The situation is more likely the similar as yesterday with not much of directional movements itself. We're now very dependant on economic data to see an interest hike will or will not happen in June 29 FOMC Meeting. My existing trades are still the same as the previous day with no changes.

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