Monday, September 29, 2008

Continued Market Uncertainty

It appears that the political leaders in the U.S. have settled on a $700 billion bailout package. This should translate into a short term strengthening of the Dollar. However, how rapidly this will happen is unknown. We also do not yet know how Non-Farm payroll this Friday will affect volatility in the market. The Forex market continues to react violently to the historic changes in U.S. economic policy and world economic policy. Everyday through the last month and a half has seemed to bring with it a new surprise that has the effect of sending certain currencies trending strong in one direction.

We decided to trade today but with an added degree of caution. As you know, we are trading live on just $100,000 of our partners funds. As for the rest, we continue to wait until the markets calm down sufficiently to go 100% live.

Also, Alpari is performing maintenance work on their demo server and will be offline most of the day. The Varengold demo is running as expected.