05/11/2012 Market Open

Good evening traders. Welcome to another post at the fxtradingcorner. Market is mildly risk adverse today. I took the AUD/JPY trade from the weekend report, but did not take the Euro or GBP crosses with the AUD. When I looked at the chart this morning, the European crosses looked like quite a precipitous trade. Instead, I setup an order for AUD/JPY which is now in a bit of profit. We'll see how this pans out.

For all the Aussie blog viewers, tomorrow is Melbourne Cup Day, so more festivities ahead - Hooray!