Thursday, March 27, 2008

Daily Outlook - March 27th, 2008

Similar to yesterday, no big news to watch for during our European session. There will be major news coming out at 8:30am EST this morning. The U.S. GDP report could signal that the world's largest economy has slipped into a recession. We will be watching to see what market speculation will do to the price of our GBP/USD trade in advance of the report. However, anticipation of the report will in no way effect our trading plan.

On our Intra-day Carry Trade pairs strategy it should be business as usual. There are more signs that the carry trade will continue to unwind.

Here is an interesting article on the Fed and how the credit crisis is changing the way it functions.