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What a few odd day of trading especially with the US Dollar gaining strength as indicated by the US Dollar Index Fund (DX-Y). Luckily my other position was a Yen cross which appreciated rapidly due to the subprime mess that is going on.

AUD/USD:

• After reaching the vital 0.9000 region, the Aussie crashed back 200 pips to the 0.8800 region due to the short-term strength by the USD.
• Previous position was placed at 0.9012 and was stopped out at 0.8980 for a total loss of -32 pips.

CAD/JPY:

• Similarly with other Yen crosses, the Yen appreciated 200 pips as traders unwinded their carry trade positions to buy back the Yen due to risk aversion.
• Previous position was entered at 105.94 and reached the profit target of 104.05 for a total gain of +189 pips for this trade.
• Total result equates to 157 pips which isn’t too shabby.

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Great video sequence from last night’s The Simpsons episode which depicts Homer’s life flashing by in a one minute sequence.

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Why So Serious? The upcoming installment in Nolan’s Batman series is soon to set sail on July 18, 2008 with the remark of a darker and sadistic Joker played by Hedge Ledger with appearances by the Scarecrow, Salvatore Maroni, Gamble and Two-Face. Here is the bootlegged copy captured during the I Am Legend premier.

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For the upcoming 2008 year, potential new U.S. car owners will be can now have the option to purchase a smart car. For all I know, these cars are highly fuel efficient, safe and relatively cheap. However due to its compact demeanor and the atypical automobile size, many individuals are blasting and questioning the safety of these cars in highway or high speed situations. The below video clearly shows that these cars are up to par with any small economy vehicles such as the Civic or Corolla.

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(2 votes, average: 4 out of 5)

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