Good morning dear traders, welcome in a new trading week.

There was not much action last Friday in EURUSD.

In comparison to EURUSD the Cable had a real moving down after bad news of UK.

Profit of the day: 29 pips

You can follow my live trading every day in the premium area of www.chat-trading.com at http://www.chat-trading.com/premium_posts.php

LOOKING BACK

Weak numbers of US concerning the industrial productions might have been the reason for the drawdown on Friday for Cable.

Rather sideways directed was EURUSD. Also rather bad news of the US retail sales did not bring much action into EURUSD.

EXPECTATIONS FOR TODAY´S TRADING DAY

Here the most important news for today (all times in GMT):

Switzerland at 7:15 with the producer and import prices, followed by the industrial production of the Euro zone at 9 GMT.

There are no further relevant fundamental news today. I would expect a rather unspectacular movement of the market.

TRADING CHANCES FOR TODAY

EURUSD

EURUSD gained new strength over the weekend.

Long @ 1,2225 Take-Profit @1.2290-1.2330 Stopp-Loss @ 1.2180

Short @ 1.2095 Take-Profit @ 1.2035-10 Stopp-Loss @ 1.2145

GBPUSD

GBPUSD could also win after its massive losses last Friday.

Long @ 1.4625 Take-Profit @ 1.4680-1.4720 Stopp-Loss @ 1.4595

Short @ 1.4535 Take-Profit @ 1.4500-1.4475 Stopp-Loss @ 1.4565

Always take care of your stop management and consider your money and risk management.

As a subscriber of my daily trading signals you can follow my live-trades in the premium area of http://www.chat-trading.com for free. Only register for free and you will have a 3 days free trial.

A good start into the new trading week and all the best for your trading today Berndt Ebner

Performance June 2010: 437 pips (9 trading days)

RISK AND EARNINGS DISCLAIMER Any kind of trading (Forex, shares, Futures.) exhibits a high risk, which can lead to the total loss of your capital investment. Always be aware of this.

You should trade only if you can also bear the possible trading losses. High chances of winning often oppose substantial loss rates. You should only use capital for your trading, which you do not need for everyday living. Earlier trading results are not a warranty for a future trading development. This also refers my indicated performance.

My Forex signals, my coaching, my strategies, training documents and other publications and ebook represent only information and are no offer for you, or any advertisement or recommendation for a concrete purchase or sale.

My coaching is not a financial consultation. For an appropriate financial consultation, please visit the appropriate bank and/or credit institutes.

You trade at your own risk, all possibilities of recourse on the coach and author are impossible.

United kingdom Retail sales