FOREX VIDEO - New York Session Review - October 15, 2009

Source: blogs.fxstreet.com

The headline figure from the October Empire State Manufacturing Survey destroyed the consensus forecast, adding to the Japanese yen’s downward momentum. Following the news release, a scalp trade on the EUR/JPY currency pair yielded at least 55 pips [depending on exit strategy]. An hour after the New York open, the U.S. dollar resumed its recent soft tone, lifting the EUR/USD pair by some 90 pips. Curt Wehrley FX Bootcamp’s Quantitative Analyst


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