Tuesday, March 20, 2007

strong UK data helps my system

"The pound rose sharply after figures this morning showed the key UK annual CPI inflation rate unexpectedly rose to 2.8 pct in February from 2.7 pct in January.


This came above forecasts for a slight dip to 2.6 pct and leaves the rate well above the Bank of England's 2.0 pct target."


Even though we have recovered roughly 70pips yesterday, today's UK inflation data put the overall numbers in a much better position. We only care about technical analysis in this system but, we should also note that where this income is coming from.

EURCHF trade lasted 1 day and closed yesterday night with +45 pips. good for you!..