EURO Trader

EURO Trader: Though the market was clearly risk averse it did not have the momentum we hoped for. We took a modest loss early on our short EURUSD at -19 and long USDCHF at -6 after Bernanke started speaking at 9 am. The market turned around following the release of the Philly Fed Manufacturing Index data allowing us to close our long EURJPY at +18. - Midnight Marv