FOREX VIDEO | NEW YORK SESSION REVIEW | July 15, 2009

Risk appetite was in full swing today after Intel reported upbeat Q2 earnings and Q3 outlook just prior to today’s Sydney open. Although the EUR/JPY was mostly stalled during today’s London session, the pair extended its gains during the New York session. Traders who went long at the M4 pivot point at the US equity market open, then closed the trade when the currency pair reached its 4-hour 200 ema minutes prior to the London close, were rewarded with a profit exceeding 100 pips. Curt Wehrley FX Bootcamp’s Quantitative Analyst

Forex 24x7