FOREX New York Session Video October 25 2007

Today's New York session saw two major U.S. news releases. Worse than expected durable goods figures sparked a breakout move in the direction of the prevailing trend. The all-time high [reached earlier in the week], average daily range, and a pivot point helped predict a target which maximized profit for those traders who took the news trade. The subsequent report on new housing sales, generally expected to be the headline news event of the day, failed to inspire traders as the market consolidated into London close.