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Old 07-28-2006, 01:52 PM
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2006-07-28 13:50 UTC. EURUSD = 1.2745 (moved up 83 pips)

I made a stupid mistake! The actual forecast was that US inflation rate would rise. When inflation rises, USD will go down in value, but i thought EURUSD would go down too. In fact when USD losses value, EURUSD will go up. That means EUR can buy more USD when USD is cheaper. Will take extra caution on this one next time.

Accept the loss anyway, Total Net Profit/Loss for July 06 = -85 pips
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Last edited by scorpion : 08-02-2006 at 05:00 AM.
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