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GalleonFX - 07/18/07 Systems take pro-EUR positions for more gains. June stands at 5.4%
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Home arrow News arrow 07/18/07 Systems take pro-EUR positions for more gains. June stands at 5.4%
07/18/07 Systems take pro-EUR positions for more gains. June stands at 5.4%
As the declining dollar trend continues, Cannon 25 is now favoring the EUR/USD paif  5 to 1 over the USD/CHF.   Anymore anti-dollar news should push us farther into profits.   Since I don't expect much favorable news for the dollar, we could see a few more percentage points added to this months gains before the trend/month is over.   With that said, there are still no guarantees in the short term.  Long term results should have us continuing to average 3-6%/month.   As we're now up about 5.4% for the month in our USD FXCM PAMM, our systems continue to prove themselves capable of better than average returns with low monthly draw downs.
 
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